HOUSE BILL 1056

Sponsored By:

Delegates McIntosh, Krysiak, and Rosenberg

Entitled:

Mortgage Lending - Single Premium Financed Credit Insurance - Prohibited

Synopsis:

Prohibiting specified lenders and credit grantors from financing specified single premium credit insurance coverages as a part of a mortgage loan; and providing for specified penalties.

History by Legislative Date

House Action

2/9

First Reading Commerce and Government Matters

2/14

Hearing 2/27 at 1:00 p.m.

3/16

Unfavorable Report by Commerce and Government Matters

Senate Action

No Action

Sponsored by:

Delegate Maggie L. McIntosh, District 42

Delegate Carolyn J. Krysiak, District 46

Delegate Samuel I. Rosenberg, District 42

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CREDIT

HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

MORTGAGES

PENALTIES

UNEMPLOYMENT

Bill affects the following Statutes:

Commercial Law

( 12-127 , 12-209.2 , 12-1008.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered