EMERGENCY BILL
File Code: Commercial Law - Credit Regulation
Crossfiled with: HOUSE BILL 1535
- Sponsored By:
-
Senator Middleton
- 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.
Senate Action
- 3/9
- First Reading Senate Rules
- 3/13
- Re-referred Finance
- 3/16
- Hearing 3/20 at 1:00 p.m.
- 3/26
- Favorable with Amendments Report by Finance
- 3/27
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/28
- Third Reading Passed (46-0)
- 4/6
- Returned Passed
House Action
- 3/27
- First Reading House Rules and Executive Nominations
- 4/2
- Re-referred Economic Matters
- 4/7
- Hearing 4/8 at 1:00 p.m.
- 4/9
- Favorable Report by Economic Matters
- 4/3
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (134-2)
Action after passage in Senate and House
- 4/14
- Approved by the Governor
- - Chapter 114
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):
Senate
- Number: 957776/01 Offered on: March 27, 2009 at:
11:44 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- March 28, 2009: Third Reading Passed (46-0)
House
- April 4, 2009: Third Reading Passed (134-2)