EMERGENCY BILL
File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 1036
- Sponsored By:
-
Delegate Rudolph
- Entitled:
-
Credit Regulation - Mortgage Loans - Proof of Ability to Repay - Exception
For specified mortgage loans that refinance an existing mortgage loan,
establishing exceptions to the requirement that the due regard lenders
and credit grantors must give to a borrower's ability to repay
specified mortgage loans includes consideration of the borrower's debt
to income ratio and verification in a specified manner of income and
assets of the borrower; and making the Act an emergency measure.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 3/9
- First Reading House Rules and Executive Nominations
- 3/16
- Re-referred Economic Matters
- Hearing 3/25 at 1:00 p.m.
- 3/27
- Favorable with Amendments Report by Economic Matters
- 3/24
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/25
- Third Reading Passed (133-1)
- 4/5
- Returned Passed
Senate Action
- 3/28
- First Reading Finance
- 3/31
- Hearing 4/2 at 1:00 p.m.
- 4/7
- Favorable Report by Finance
- 4/5
- Favorable Report Adopted
- Second Reading Passed
- 4/6
- Third Reading Passed (47-0)
Action after passage in House and Senate
- 4/14
- Approved by the Governor
- - Chapter 115
Bill indexed under the following Subjects:
- Federal Government
- Housing and Community Development, Department of
- Mortgages
Bill affects the following Statutes:
- Commercial Law
- (
12-127 ,
12-127 ,
12-311 ,
12-311 ,
12-409.1 ,
12-409.1 ,
12-925 ,
12-925 ,
12-1029 ,
12-1029
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments (Displayed in PDF Format):
House
- Number: 723198/01 Offered on: March 27, 2009 at:
6:54 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
House
- March 25, 2009: Third Reading Passed (133-1)
Senate
- April 6, 2009: Third Reading Passed (47-0)