2001 Regular Session

HOUSE BILL 1056

File Code: Insurance - Other than Health
Sponsored By:
Delegates McIntosh, Krysiak, and Rosenberg
Entitled:
Mortgage Lending - Single Premium Financed Credit Insurance - Prohibited

Synopsis:

Prohibiting specified lenders and credit grantors from financing specified single premium credit insurance coverages as a part of a mortgage loan; and providing for specified penalties.

History by Legislative Date

House Action
2/9
First Reading Commerce and Government Matters
2/14
Hearing 2/27 at 1:00 p.m.
3/16
Unfavorable Report by Commerce and Government Matters
Senate Action
No Action
Sponsored by:
Delegate Maggie L. McIntosh, District 42
Delegate Carolyn J. Krysiak, District 46
Delegate Samuel I. Rosenberg, District 42
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MORTGAGES
PENALTIES
UNEMPLOYMENT
Bill affects the following Statutes:
Commercial Law
( 12-127 , 12-209.2 , 12-1008.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered