CHAPTER NUMBER: 532
File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 499
- Sponsored By:
-
Delegates McIntosh and Wood
- Entitled:
-
Credit
Regulation - Extensions of Credit
Prohibiting specified lenders and credit grantors from financing
specified single premium insurance as part of specified mortgage
loans; prohibiting specified lenders and credit grantors from making
specified loans without giving due regard to the specified borrower's
ability to repay the loans; requiring specified borrowers to be
provided with specified home buyer education or housing counseling
information under specified circumstances; etc.
House Action
- 2/4
- First Reading Commerce and Government Matters
- 2/6
- Hearing 2/20 at 1:00 p.m.
- 3/21
- Favorable with Amendments Report by Commerce and Government Matters
- Favorable with Amendments Report Adopted
- Special Order next session (Delegate C. Davis) Adopted
- 3/22
- Second Reading Passed with Amendments
- 3/23
- Third Reading Passed (136-2)
- 4/7
- House Concur - Senate Amendments
- Third Reading Passed (131-1)
- Passed Enrolled
- 5/16
- Signed by the Governor Chapter 532
Senate Action
- 3/25
- First Reading Finance
- 3/26
- Hearing 4/2 at 1:00 p.m.
- 4/8
- Favorable with Amendments Report by Finance
- 4/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- Motion two readings same day Const/Rule 24 (Senator Bromwell) Adopted
- Third Reading Passed with Amendments (45-1)
- Sponsored by:
- Delegate Maggie McIntosh, District 42
- Delegate John F. Wood, Jr., District 29A
- Bill indexed under the following Subjects:
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- CREDIT
- EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
- FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
- HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.
- LOANS -see also- MORTGAGES
- MORTGAGES
- PUBLIC LOCAL LAWS
- Bill affects the following Statutes:
- Commercial Law
- (
12-124.1 ,
12-127 ,
12-311 ,
12-312 ,
12-409.1 ,
12-410 ,
12-1007 ,
12-1029
)
- Financial Institutions
- (
1-209
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 486782/1 (PDF) Offered on: March 21, 2002 at:
10:33 a.m. Status: Adopted
- Senate
- Number: 637679/1 (PDF) Offered on: April 8, 2002 at:
12:55 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- March 23, 2002: Third Reading Passed (136-2)
- April 7, 2002: Third Reading Passed (131-1)
- Senate
- April 5, 2002: Third Reading Passed (45-1)