File Code: Real Property
Prior Year Introduction As: SB 243/95 - JPR
- Sponsored By:
-
Senator Astle
- Entitled:
-
Real Property - Disbursement of Loans Secured by Deeds of Trust or
Mortgages
Requiring a lender to disburse loan proceeds in specified loan
transactions in the form of cash, wired funds, a certified check, or a
check issued by a political subdivision or on behalf of a governmental
entity; and authorizing specified financial institutions to disburse
loan proceeds in the form of a teller's check, a cashier's check, or a
check drawn on a financial institution insured by the Federal Deposit
Insurance Corporation and located in the 5th Federal Reserve District.
Senate Action
- 1/30
- First Reading Judicial Proceedings
- 2/5
- Hearing 2/18 at 1:00 p.m.
- 3/10
- Favorable with Amendments Report by Judicial Proceedings
- 3/11
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/13
- Third Reading Passed (47-0)
House Action
- 3/14
- First Reading Economic Matters
- 3/20
- Hearing 3/26 at 1:00 p.m.
- 4/3
- Unfavorable Report by Economic Matters
- Bill indexed under the following Subjects:
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- LOANS
- MORTGAGES
- Bill affects the following Statute:
- Real Property
- (
7-109
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- Senate
- Number: 708441/1 (PDF) Offered on: MARCH 11, 1997 at: 11:19
Status: Adopted