File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Delegates McConkey, Bartlett, Bates, Boteler, Cane, Dwyer, Eckardt,
Elliott, Elmore, Frank, Holmes, Kramer, McComas, Minnick, Norman, Shewell,
Sophocleus, Stocksdale, Stull, and Weir
- Entitled:
-
Credit Regulation - Mortgage Lending - Borrower's Ability to Repay Loan
Clarifying the application of specified provisions of law that
prohibit a lender from making a mortgage loan without giving due
regard to the borrower's ability to repay the loan; providing that
specified provisions of law that prohibit a lender from making a
secondary mortgage loan without giving due regard to the borrower's
ability to repay the secondary mortgage loan do not apply to a
secondary mortgage loan for real property that is held for specified
purposes; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 1/28
- First Reading Economic Matters
- 2/9
- Hearing 2/18 at 1:00 p.m.
- 2/24
- Unfavorable Report by Economic Matters
Senate Action
- No Action
Sponsored by:
- Delegate Tony McConkey, District 33A
- Delegate Joseph R. Bartlett, District 4A
- Delegate Gail H. Bates, District 9A
- Delegate Joseph C. Boteler, III, District 8
- Delegate Rudolph C. Cane, District 37A
- Delegate Don H. Dwyer, Jr., District 31
- Delegate Adelaide C. Eckardt, District 37B
- Delegate Donald B. Elliott, District 4B
- Delegate D. Page Elmore, District 38A
- Delegate William J. Frank, District 42
- Delegate Marvin E. Holmes, Jr., District 23B
- Delegate Benjamin F. Kramer, District 19
- Delegate Susan K. McComas, District 35B
- Delegate Joseph J. Minnick, District 6
- Delegate H. Wayne Norman, District 35A
- Delegate Tanya T. Shewell, District 5A
- Delegate Theodore Sophocleus, District 32
- Delegate Nancy R. Stocksdale, District 5A
- Delegate Paul S. Stull, District 4A
- Delegate Michael H. Weir, Jr., District 6
Bill indexed under the following Subjects:
- Commerce and Business -see also- Dealers; Elec. Comm.; etc
- Consumer Protection -see also- Unfair Trade Practices
- Housing -see also- Apartments; Condominiums; Mobile Homes
- Loans -see also- Mortgages
- Mortgages
- Real Property
Bill affects the following Statutes:
- Commercial Law
- (
12-127 ,
12-311 ,
12-409.1 ,
12-925 ,
12-1029
)
- Financial Institutions
- (
11-501
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered