SENATE BILL 594

File Code: Commercial Law - Credit Regulation

Sponsored By:

Senator Haines

Entitled:

Credit Regulation - Mortgage Lending - Prepayment Penalties

Synopsis:

Prohibiting a lender from requiring or authorizing the imposition of a prepayment penalty, fee, premium, or other charge in connection with specified subprime loans; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.

Senate Action

2/1

First Reading Finance

2/6

Hearing 2/12 at 1:00 p.m.

3/10

Withdrawn

House Action

No Action

Bill indexed under the following Subjects:

Consumer Protection -see also- Unfair Trade Practices

Fees -see also- Devt Fees and Taxes; Reimbursement Rates

Financial Institutions -see also- Banks; Credit Unions; etc.

Mortgages

Penalties

Real Property

Bill affects the following Statute:

Commercial Law

( 12-105 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered