Legislation

Title: Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
Sponsored by: Senators Kelley and Middleton
Status: Approved by the Governor - Chapter 306
Analysis: Fiscal and Policy Note

Synopsis

Altering the interest rate payable by specified lending institutions on escrow accounts created in connection with loans secured by a first mortgage or first deed of trust on residential real property; altering the interest rate payable by specified banking institutions on interest bearing accounts instituted for a specific purpose; and applying the Act retroactively to escrow accounts and savings accounts in existence on or after January 1, 2014.

Committees

Original:: Finance

Opposite:: Economic Matters

Details

Cross-filed with: HB0735

Bill File Type: Regular

Effective Date(s): June 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/29/2014 Legislative Date 1/30/2014 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 1/30/2014 Legislative Date 1/30/2014 Action Hearing 2/18 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/19/2014 Legislative Date 2/20/2014 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 2/21/2014 Legislative Date 2/21/2014 Action Favorable Report Adopted Proceedings 31
Chamber Senate Calendar Date 2/21/2014 Legislative Date 2/21/2014 Action Second Reading Passed Proceedings 31
Chamber Senate Calendar Date 2/25/2014 Legislative Date 2/25/2014 Action Third Reading Passed (47-0) Proceedings 33
Chamber House Calendar Date 2/26/2014 Legislative Date 2/26/2014 Action First Reading Economic Matters Proceedings 36
Chamber House Calendar Date 3/26/2014 Legislative Date 3/27/2014 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/27/2014 Legislative Date 3/22/2014 Action Favorable Report Adopted Proceedings 58
Chamber House Calendar Date 3/27/2014 Legislative Date 3/22/2014 Action Second Reading Passed Proceedings 58
Chamber House Calendar Date 3/28/2014 Legislative Date 3/23/2014 Action Third Reading Passed (133-0) Proceedings 59
Chamber Senate Calendar Date 3/31/2014 Legislative Date 3/22/2014 Action Returned Passed Proceedings 56
Chamber Post Passage Calendar Date 5/05/2014 Legislative Date 5/05/2014 Action Approved by the Governor - Chapter 306 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/29/2014	1/30/2014	First Reading Finance
Senate	1/30/2014	1/30/2014	Hearing 2/18 at 1:00 p.m.
Senate	2/19/2014	2/20/2014	Favorable Report by Finance
Senate	2/21/2014	2/21/2014	Favorable Report Adopted	31
Senate	2/21/2014	2/21/2014	Second Reading Passed	31
Senate	2/25/2014	2/25/2014	Third Reading Passed (47-0)	33
House	2/26/2014	2/26/2014	First Reading Economic Matters	36
House	3/26/2014	3/27/2014	Favorable Report by Economic Matters
House	3/27/2014	3/22/2014	Favorable Report Adopted	58
House	3/27/2014	3/22/2014	Second Reading Passed	58
House	3/28/2014	3/23/2014	Third Reading Passed (133-0)	59
Senate	3/31/2014	3/22/2014	Returned Passed	56
Post Passage	5/05/2014	5/05/2014	Approved by the Governor - Chapter 306

Documents

Date Posted	Document Name
1/30/2014	Text - First - Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
2/21/2014	Text - Third - Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
5/09/2014	Text - Chapter - Financial Institutions - Interest Payable on Escrow Accounts and Specific Purpose Savings Accounts
2/20/2014	Vote - Senate - Committee - Finance
3/26/2014	Vote - House - Committee - Economic Matters
2/25/2014	Vote - Senate Floor - Third Reading Passed (47-0) - 02/25/14
3/23/2014	Vote - House Floor - Third Reading Passed (133-0) - 03/23/14

File Code

Subjects

Statutes