Legislation

Title: Commercial Law - Mortgage Loans - Verification of Ability to Repay
Sponsored by: Delegate Queen
Status: In the Senate - Special Order until later today (Senator Hayes) Adopted
Analysis: Fiscal and Policy Note

Synopsis

Exempting mortgage loans made by community development financial institutions from certain requirements to verify the borrower's ability to repay.

Committees

Original:: Economic Matters

Opposite:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0400 Session: 2023 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2024

History

Legislation History
Chamber House Calendar Date 10/09/2023 Legislative Date 10/09/2023 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commercial Law - Mortgage Loans - Verification of Ability to Repay Proceedings
Chamber House Calendar Date 1/16/2024 Legislative Date 1/16/2024 Action Hearing 1/30 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/19/2024 Legislative Date 2/19/2024 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 2/20/2024 Legislative Date 2/20/2024 Action Favorable Adopted Second Reading Passed Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Commercial Law - Mortgage Loans - Verification of Ability to Repay Proceedings
Chamber House Calendar Date 2/22/2024 Legislative Date 2/22/2024 Action Third Reading Passed (110-28) Proceedings 32 Click to view Recorded Media
Chamber Senate Calendar Date 2/26/2024 Legislative Date 2/16/2024 Action Referred Finance Proceedings 32 Click to view Recorded Media
Chamber Senate Calendar Date 3/15/2024 Legislative Date 3/15/2024 Action Hearing 3/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 4/04/2024 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Favorable with Amendments {873628/1 Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Committee Amendment Adopted Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Motion Special Order until 4/5 (Senator West) Adopted Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2024 Legislative Date 3/21/2024 Action Motion Special Order until Later Today (Senator Bailey) Adopted Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2024 Legislative Date 3/21/2024 Action Motion Reconsider Special Order by Senator Bailey (Senator Rosapepe) Adopted Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2024 Legislative Date 3/21/2024 Action Motion Special Order until Later Today (Senator Hayes) Adopted Proceedings 66 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	10/09/2023	10/09/2023	Pre-filed
House	1/10/2024	1/10/2024	First Reading Economic Matters
			Text - First - Commercial Law - Mortgage Loans - Verification of Ability to Repay
House	1/16/2024	1/16/2024	Hearing 1/30 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/19/2024	2/19/2024	Favorable Report by Economic Matters
House	2/20/2024	2/20/2024	Favorable Adopted Second Reading Passed	30 Click to view Recorded Media
			Text - Third - Commercial Law - Mortgage Loans - Verification of Ability to Repay
House	2/22/2024	2/22/2024	Third Reading Passed (110-28)	32 Click to view Recorded Media
Senate	2/26/2024	2/16/2024	Referred Finance	32 Click to view Recorded Media
Senate	3/15/2024	3/15/2024	Hearing 3/20 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/04/2024	4/04/2024	Favorable with Amendments Report by Finance
Senate	4/04/2024	3/20/2024	Favorable with Amendments {873628/1	65 Click to view Recorded Media
Senate	4/04/2024	3/20/2024	Committee Amendment Adopted	65 Click to view Recorded Media
Senate	4/04/2024	3/20/2024	Motion Special Order until 4/5 (Senator West) Adopted	65 Click to view Recorded Media
Senate	4/05/2024	3/21/2024	Motion Special Order until Later Today (Senator Bailey) Adopted	66 Click to view Recorded Media
Senate	4/05/2024	3/21/2024	Motion Reconsider Special Order by Senator Bailey (Senator Rosapepe) Adopted	66 Click to view Recorded Media
Senate	4/05/2024	3/21/2024	Motion Special Order until Later Today (Senator Hayes) Adopted	66 Click to view Recorded Media

File Code

Subjects

Statutes