2010 Regular Session

HOUSE BILL 799

CHAPTER NUMBER: 623
File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 878
Sponsored By:
Delegates Kramer, Manno, Barkley, Braveboy, Burns, Davis, Feldman, Haddaway, Harrison, Hecht, Impallaria, Jameson, Kirk, Krysiak, Love, Mathias, McHale, Minnick, Rudolph, Stifler, Taylor, and Vaughn
Entitled:
Reverse Mortgage Homeowners Protection Act

Synopsis:

Providing that specified provisions of the Act do not require a lender that offers to make a reverse mortgage loan to offer a reverse mortgage loan with specified payment plans or to a specified borrower; requiring specified lenders and arrangers of financing to conform to the requirements of specified federal laws and guidelines under specified circumstances; providing that specified reverse mortgage loans are not subject to specified federal laws or guidelines; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/9
First Reading Economic Matters
Hearing 2/25 at 1:00 p.m.
3/29
Favorable with Amendments Report by Economic Matters
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (138-0)
4/3
House Concur - Senate Amendments
Third Reading Passed (140-0)
Passed Enrolled
Senate Action
3/29
First Reading Senate Rules
4/2
Re-referred Finance
Hearing 4/7 at 1:00 p.m.
4/8
Favorable with Amendments Report by Finance
4/4
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/5
Third Reading Passed with Amendments (45-0)
Action after passage in House and Senate
5/20
Approved by the Governor
- Chapter 623

Sponsored by:

Delegate Benjamin F. Kramer, District 19
Delegate Charles Barkley, District 39
Delegate Aisha N. Braveboy, District 25
Delegate Emmett C. Burns, Jr., District 10
Delegate Dereck E. Davis, District 25
Delegate Brian J. Feldman, District 15
Delegate Jeannie Haddaway, District 37B
Delegate Hattie N. Harrison, District 45
Delegate Sue Hecht, District 3A
Delegate Rick Impallaria, District 7
Delegate Sally Jameson, District 28
Delegate Ruth M. Kirk, District 44
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Roger P. Manno, District 19
Delegate James N. Mathias, Jr., District 38B
Delegate Brian K. McHale, District 46
Delegate Joseph J. Minnick, District 6
Delegate David D. Rudolph, District 34B
Delegate Donna Stifler, District 35A
Delegate Herman L. Taylor, Jr., District 14
Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

Civil Actions -see also- Small Claims
Consumer Protection -see also- Unfair Trade Practices
Counselors -see also- Social Workers
Crimes and Punishments -see also- Penalties and Sentnc; etc.
Disclosure
Federal Government
Fees -see also- Attys` Fees; Devt Fees & Taxes; Reimb Rates.
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Interest
Loans -see also- Mortgages
Long-Term Care -see also- Continuing Care; Nursing Homes
Mortgages
Notices
Penalties and Sentences -see also- Death Penalty
Records -see also- Land Records; Vital Records
Security Interests -see also- Liens; Mechanics` Liens
Statutes of Limitation
Unfair Trade Practices

Bill affects the following Statutes:

Commercial Law
( 12-1201 , 12-1202 , 12-1203 , 12-1204 , 12-1205 , 12-1206 , 12-1207 , 12-1208 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 833595/02     Offered on: March 29, 2010   at: 11:38 a.m.     Status: Adopted
Senate
Number: 737279/01     Offered on: April 8, 2010   at: 12:19 p.m.     Status: Adopted
Committee Votes :
House
Economic Matters
Senate
Finance
Roll Call Votes (Legislative dates are shown):
House
March 26, 2010: Third Reading Passed (138-0)
April 3, 2010: Third Reading Passed (140-0)
Senate
April 5, 2010: Third Reading Passed (45-0)