2008 Regular Session

HOUSE BILL 1398

EMERGENCY BILL
File Code: Real Property Crossfiled with: SENATE BILL 535
Sponsored By:
Delegates Valderrama, Carter, Gutierrez, Ivey, Lee, Pena-Melnyk, Ramirez, Reznik, V. Turner, and Walker
Entitled:
Foreclosure - Subprime Mortgages - Moratorium

Synopsis:

Prohibiting a creditor from maintaining suit in an action to foreclose a mortgage entered into by a homeowner unless the creditor shows to the satisfaction of the court that the mortgage is not a deceptive subprime mortgage; providing that a creditor may be liable for specified damages if the creditor fails to make the showing; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
2/8
First Reading Environmental Matters
2/12
Hearing 2/22 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Kriselda Valderrama, District 26
Delegate Jill P. Carter, District 41
Delegate Ana Sol Gutierrez, District 18
Delegate Jolene Ivey, District 47
Delegate Susan C. Lee, District 16
Delegate Joseline A. Pena-Melnyk, District 21
Delegate Victor R. Ramirez, District 47
Delegate Kirill Reznik, District 39
Delegate Veronica Turner, District 26
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Civil Actions -see also- Small Claims
Consumer Protection -see also- Unfair Trade Practices
Financial Institutions -see also- Banks; Credit Unions; etc.
Foreclosure
Liability -see also- Good Samaritan
Mortgages
Sunset

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered