Legislation

Title: Credit Regulation - Closed End Credit Loans - Elimination of Duplicative Disclosures
Sponsored by: Senators Hershey, Astle, Benson, Feldman, Jennings, Klausmeier, Mathias, Middleton, Oaks, Reilly, and Rosapepe
Status: Approved by the Governor - Chapter 484
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing that a specified disclosure provided by a lender to a borrower in compliance with a specified federal law shall satisfy specified disclosure requirements under provisions of law governing closed end credit loans secured by a first mortgage or first deed of trust on residential real property; requiring the Commissioner of Financial Regulation to monitor specified federal requirements and notify the Governor and the General Assembly if the Commissioner makes a specified determination; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/26/2017 Legislative Date 1/26/2017 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Credit Regulation - Revolving and Closed End Credit Loans - Elimination of Duplicative Disclosures Proceedings
Chamber Senate Calendar Date 1/26/2017 Legislative Date 1/26/2017 Action Hearing 2/09 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 2/27/2017 Legislative Date 2/27/2017 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 2/28/2017 Legislative Date 2/28/2017 Action Favorable with Amendments {937378/1 Adopted Proceedings 33 Click to view Recorded Media
Chamber Senate Calendar Date 2/28/2017 Legislative Date 2/28/2017 Action Second Reading Passed with Amendments Proceedings 33 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Credit Regulation - Closed End Credit Loans - Elimination of Duplicative Disclosures Proceedings
Chamber Senate Calendar Date 3/02/2017 Legislative Date 3/02/2017 Action Third Reading Passed (45-0) Proceedings 35 Click to view Recorded Media
Chamber House Calendar Date 3/03/2017 Legislative Date 3/03/2017 Action Referred Economic Matters Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/15/2017 Legislative Date 3/15/2017 Action Hearing 3/22 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 4/04/2017 Legislative Date 4/04/2017 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 4/04/2017 Legislative Date 3/28/2017 Action Favorable Adopted Second Reading Passed Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Third Reading Passed (136-2) Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2017 Legislative Date 3/31/2017 Action Returned Passed Proceedings 60 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 484 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Credit Regulation - Closed End Credit Loans - Elimination of Duplicative Disclosures Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/26/2017	1/26/2017	First Reading Finance
			Text - First - Credit Regulation - Revolving and Closed End Credit Loans - Elimination of Duplicative Disclosures
Senate	1/26/2017	1/26/2017	Hearing 2/09 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	2/27/2017	2/27/2017	Favorable with Amendments Report by Finance
Senate	2/28/2017	2/28/2017	Favorable with Amendments {937378/1 Adopted	33 Click to view Recorded Media
Senate	2/28/2017	2/28/2017	Second Reading Passed with Amendments	33 Click to view Recorded Media
			Text - Third - Credit Regulation - Closed End Credit Loans - Elimination of Duplicative Disclosures
Senate	3/02/2017	3/02/2017	Third Reading Passed (45-0)	35 Click to view Recorded Media
House	3/03/2017	3/03/2017	Referred Economic Matters	38 Click to view Recorded Media
House	3/15/2017	3/15/2017	Hearing 3/22 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	4/04/2017	4/04/2017	Favorable Report by Economic Matters
House	4/04/2017	3/28/2017	Favorable Adopted Second Reading Passed	62 Click to view Recorded Media
House	4/05/2017	3/29/2017	Third Reading Passed (136-2)	63 Click to view Recorded Media
Senate	4/06/2017	3/31/2017	Returned Passed	60 Click to view Recorded Media
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 484
			Text - Chapter - Credit Regulation - Closed End Credit Loans - Elimination of Duplicative Disclosures

File Code

Subjects

Statutes