File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Delegate Bobo
- Entitled:
-
Credit Regulation - Loans Secured by Residential Real Property - Escrow
Accounts
Requiring specified lenders, before the execution of a specified loan
contract, to furnish a borrower with a written statement regarding the
monthly payment amount to be paid by the borrower and placed in a
specified escrow account; requiring specified lenders, credit
grantors, and lending institutions that lend money secured by a first
mortgage or first deed of trust on any interest in residential real
property to create an escrow account in connection with specified
loans; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 1/23
- First Reading Economic Matters
- 1/30
- Hearing 2/21 at 1:00 p.m.
- 2/6
- Hearing cancelled
- Hearing 2/21 at 5:00 p.m.
- 2/15
- Hearing cancelled
- Hearing 2/22 at 1:00 p.m.
- 3/17
- Unfavorable Report by Economic Matters
Senate Action
- No Action
Bill indexed under the following Subjects:
- Consumer Protection -see also- Unfair Trade Practices
- Contracts -see also- Land Installment Contracts; Procurement
- Credit
- Disclosure
- Escrow Accounts
- Financial Institutions -see also- Banks; Credit Unions; etc.
- Mortgages
- Notices
Bill affects the following Statutes:
- Commercial Law
- (
12-106 ,
12-109 ,
12-125 ,
12-301 ,
12-306.1 ,
12-308 ,
12-922 ,
12-1022
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered