1999 Regular Session

HOUSE BILL 427

CHAPTER NUMBER: 634 File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 222
Sponsored By:
Delegate Krysiak
Entitled:
Mortgage Lending - Private Mortgage Insurance

Synopsis:

Repealing specified provisions of State law that require specified lenders to furnish to borrowers a specified statement relating to private mortgage insurance; altering specified provisions of State law relating to private mortgage insurance to conform to the provisions of the federal Homeowners Protection Act of 1998; and providing for the effective date of the Act.

History by Legislative Date

House Action
2/10
First Reading Economic Matters
2/11
Hearing 2/24 at 1:00 p.m.
3/9

Favorable with Amendments Report by Economic Matters
3/10
Favorable with Amendments Report Adopted
Special Order 3/11 (Delegate Schisler) Adopted
3/11
Second Reading Passed with Amendments
3/16
Third Reading Passed (134-0)
4/5
House Refuses to Concur - Senate Amendments
House Requests Senate Recede
4/8
Return Passed
5/27
Signed by the Governor Chapter 634
Senate Action
3/17
First Reading Finance
3/18
Hearing 3/23 at 1:00 p.m.
3/31
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/1
Third Reading Passed with Amendments (46-0)
4/8
Motion Senate Recede (Senator Bromwell) Adopted
Committee Amendment (Finance) Withdrawn
Third Reading Passed (46-0)
Senate Recede
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
DISCLOSURE
FEDERAL GOVERNMENT
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
MORTGAGES
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Commercial Law
( 12-106 )
Financial Institutions
( 5-508 , 9-903 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 463286/1 (PDF)     Offered on: March 10, 1999   at: 10:29 a.m.     Status: Adopted
Senate
Number: 087565/1 (PDF)     Offered on: April 9, 1999   at: 2:24 p.m.     Status: Withdrawn
Roll Call Votes (Legislative dates are shown):
House
March 16, 1999: Third Reading Passed (134-0)
Senate
April 1, 1999: Third Reading Passed (46-0)
April 8, 1999: Third Reading Passed (46-0)