1997 Regular Session

SENATE BILL 245

File Code: Financial Institutions
Sponsored By:
Senator Boozer
Entitled:
Commercial Law - Mortgage Brokers - Refund of Finder's Fee

Synopsis:

Providing that a borrower is entitled to a refund of any finder's fee paid to a mortgage broker if the lender with which the mortgage broker places the loan violates specified provisions of law governing secondary mortgage loans and extensions of closed-end credit.

Legislative History

Senate Action
1/22
First Reading Finance
Hearing 2/4 at 1:00 p.m.
3/10
Unfavorable Report by Finance
House Action
No Action
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CREDIT
FEES -see also- DEVELOPMENT FEES AND TAXES
LOANS
MORTGAGES
Bill affects the following Statute:
Commercial Law
( 12-806 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)