2004 Regular Session

HOUSE BILL 858

File Code: Commercial Law - Credit Regulation Prior Year Introduction As: SB 827/02 - FIN
Sponsored By:
Delegates Carter, Anderson, Burns, C. Davis, Fulton, Haynes, Kelley, Kelly, King, Mandel, Oaks, Patterson, and Taylor
Entitled:
Credit Regulation - Mortgage Brokers - Disclosure of Fees

Synopsis:

Prohibiting a mortgage broker from accepting a fee from a loan originator that is based on the interest rate of a loan or the number of points associated with a loan unless the broker has disclosed specified information to the borrower in a specified manner; etc.

History by Legislative Date

House Action
2/9
First Reading Economic Matters
2/25
Hearing 3/9 at 1:00 p.m.
4/7
Favorable with Amendments Report by Economic Matters
4/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/4
Third Reading Passed (136-1)
Senate Action
4/7
First Reading Senate Rules
4/11
Re-referred Finance
Sponsored by:
Delegate Jill P. Carter, District 41
Delegate Curt Anderson, District 43
Delegate Emmett C. Burns, Jr., District 10
Delegate Clarence Davis, District 45
Delegate Tony E. Fulton, District 40
Delegate Keith E. Haynes, District 44
Delegate Darryl A. Kelley, District 26
Delegate Kevin Kelly, District 1B
Delegate Nancy J. King, District 39
Delegate Adrienne A. Mandel, District 19
Delegate Nathaniel T. Oaks, District 41
Delegate Obie Patterson, District 26
Delegate Herman L. Taylor, Jr., District 14
Bill indexed under the following Subjects:
AGENTS AND BROKERS
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
LOANS -see also- MORTGAGES
MORTGAGES
Bill affects the following Statute:
Commercial Law
( 12-804 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 793293/04 (PDF)     Offered on: April 7, 2004   at: 10:16 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
April 4, 2004: Third Reading Passed (136-1)