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Legislation


2000 Regular Session

HOUSE BILL 698

CHAPTER NUMBER: 631 File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 340
Sponsored By:
Delegates McIntosh, Arnick, and Wood
Entitled:
Commercial Law - Revolving Credit Plans - Access to Home Equity Credit Through Use of Credit Device

Synopsis:

Repealing a provision of law that prohibits a revolving credit plan from being secured by a lien on residential real property under specified circumstances.

History by Legislative Date

House Action
2/10
First Reading Commerce and Government Matters
2/23
Hearing 3/14 at 1:00 p.m.
3/17
Favorable Report by Commerce and Government Matters
3/20
Favorable Report Adopted
Second Reading Passed
3/22
Third Reading Passed (135-3)
3/31
Returned Passed
5/18
Signed by the Governor Chapter 631
Senate Action
3/23
First Reading Finance
3/24
Hearing 3/30 at 1:00 p.m.
4/3
Favorable Report by Finance
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (45-0)
Sponsored by:
Delegate Maggie L. McIntosh, District 42
Delegate John S. Arnick, District 7
Delegate John F. Wood, Jr., District 29A
Bill indexed under the following Subjects:
CREDIT
LIENS -see also- MECHANICS' LIENS
MORTGAGES
REAL PROPERTY
SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS
Bill affects the following Statute:
Commercial Law
( 12-902 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 22, 2000: Third Reading Passed (135-3)
Senate
April 3, 2000: Third Reading Passed (45-0)
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