File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Delegates Marriott, R. Baker, Benson, Gladden, McIntosh, and
Phillips
- Entitled:
-
Commercial Law - Credit Regulation - Home Mortgage Loans
Prohibiting specified home loans from having specified payment
schedules; prohibiting prepayment fees or penalties with respect to
the home loans; prohibiting specified lenders from engaging in
specified practices and taking specified actions in connection with
the home loans; prohibiting high-cost home loans from having specified
scheduled payments, terms, and provisions; providing that the
provisions of the Act apply to persons who take specified actions to
avoid the application of the provisions; etc.
House Action
- 2/11
- First Reading Commerce and Government Matters
- 2/16
- Hearing 3/7 at 1:00 p.m.
- 2/18
- Hearing cancelled
- Hearing 2/28 at 3:00 p.m.
- 3/15
- Unfavorable Report by Commerce and Government Matters
Senate Action
- No Action
- Sponsored by:
- Delegate Salima Siler Marriott, District 40
- Delegate Rushern L. Baker, III, District 22B
- Delegate Joanne C. Benson, District 24
- Delegate Lisa A. Gladden, District 41
- Delegate Maggie L. McIntosh, District 42
- Delegate Wendell F. Phillips, District 41
- Bill indexed under the following Subjects:
- APPRAISALS
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- FEES -see also- DEVELOPMENT FEES AND TAXES
- HOME IMPROVEMENT
- INTEREST
- INVESTMENTS -see also- SECURITIES
- LOANS -see also- MORTGAGES
- MORTGAGES
- PENALTIES
- REAL ESTATE -see also- AGENTS AND BROKERS
- REPORTS
- Bill affects the following Statutes:
- Commercial Law
- (
12-1201 ,
12-1202 ,
12-1203 ,
12-1204 ,
12-1205 ,
12-1206 ,
12-1207 ,
12-1208
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered