2002 Regular Session

SENATE BILL 841

File Code: Commercial Law - Credit Regulation Prior Year Introduction As: HB 1056/01 - CGM
Sponsored By:
Senators Conway and Exum
Entitled:
Credit Regulation - Extensions of Credit

Synopsis:

Prohibiting specified lenders and credit grantors from financing single premium insurance as part of specified mortgage loans; prohibiting specified lenders and credit grantors from making specified loans without giving due regard to specified borrowers' ability to repay the loans; requiring specified borrowers to be provided with home buyer education or housing counseling information; providing for the effect and application of specified provisions and for the effective date of the Act; etc.

History by Legislative Date

Senate Action
2/15
First Reading Senate Rules
2/20
Re-referred Finance
2/21
Hearing 3/15 at 1:00 p.m.
4/8
Favorable with Amendments Report by Finance
4/6
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/7
Third Reading Passed (46-0)
House Action
4/7
First Reading Commerce and Government Matters
Sponsored by:
Senator Joan Carter Conway, District 43
Senator Nathaniel Exum, District 24
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
CREDIT
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
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
PENALTIES
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 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 467774/1 (PDF)     Offered on: April 8, 2002   at: 4:40 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
April 7, 2002: Third Reading Passed (46-0)