2010 Regular Session

SENATE BILL 943

CHAPTER NUMBER: 111
File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 1254
Sponsored By:
Senators Pugh, Garagiola, and Exum
Entitled:
Credit Regulation - Mortgage Brokers - Charges

Synopsis:

Authorizing mortgage brokers to charge borrowers for the actual cost of specified documents obtained by a mortgage broker at the written request of the borrower; authorizing mortgage brokers to charge borrowers for the actual cost of specified other goods or services that are required to complete a loan application process and that, at the written request of a borrower, are paid by a mortgage broker to a specified third-party provider; and defining terms.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/18
First Reading Senate Rules
2/25
Re-referred Finance
3/3
Hearing 3/10 at 1:00 p.m.
3/15
Favorable with Amendments Report by Finance
3/17
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (47-0)
4/5
Returned Passed
House Action
3/20
First Reading Economic Matters
3/24
Hearing 4/6 at 1:00 p.m.
4/7
Favorable Report by Economic Matters
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (139-0)
Action after passage in Senate and House
4/13
Approved by the Governor
- Chapter 111

Sponsored by:

Senator Catherine E. Pugh, District 40
Senator Nathaniel Exum, District 24
Senator Rob Garagiola, District 15

Bill indexed under the following Subjects:

Agents and Brokers
Fees -see also- Attys` Fees; Devt Fees & Taxes; Reimb Rates.
Mortgages

Bill affects the following Statutes:

Commercial Law
( 12-801 , 12-804 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 577878/01     Offered on: March 17, 2010   at: 11:07 a.m.     Status: Adopted
Committee Votes :
Senate
Finance
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 19, 2010: Third Reading Passed (47-0)
House
April 1, 2010: Third Reading Passed (139-0)