File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Senator Gladden
- Entitled:
-
Commercial Law - Credit Regulation - Home Mortgage Loans
Prohibiting lenders from financing, through a home loan, specified
insurance policies and debt suspension or cancellation agreements;
establishing limitations on late payment fees lenders may charge with
respect to a home loan; requiring lenders to provide a payoff balance
to a borrower under specified circumstances; prohibiting lenders from
recommending or encouraging a default on an existing loan or other
debt under specified circumstances; prohibiting lenders from making
high-cost home loans under specified circumstances; etc.
Senate Action
- 2/3
- First Reading Finance
- 2/15
- Hearing 2/28 at 1:00 p.m.
- 3/6
- Unfavorable Report by Finance
House Action
- No Action
Bill indexed under the following Subjects:
- CIVIL ACTIONS -see also- SMALL CLAIMS
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT
- CREDIT
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FORECLOSURE
- FORFEITURE
- HOME IMPROVEMENT
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- INTEREST
- LOANS -see also- MORTGAGES
- MORTGAGES
- PENALTIES
- STATUTES OF LIMITATION
- UNFAIR TRADE PRACTICES
Bill affects the following Statutes:
- Commercial Law
- (
12-1009 ,
12-1019 ,
12-1201 ,
12-1202 ,
12-1203 ,
12-1204 ,
12-1205 ,
12-1206 ,
12-1207 ,
12-1208
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered