HOUSE BILL 1537

Sponsored By:

Delegates Carter, C. Davis, Haynes, Montgomery, Paige, Ross, and V. Turner

Entitled:

Task Force to Study Subprime Lending

Synopsis:

Establishing a Task Force to Study Subprime Lending; providing for the membership of the Task Force; requiring the Governor to designate the chairman of the Task Force; providing that members of the Task Force may not receive compensation but are entitled to specified reimbursement; requiring the Task Force to study specified issues and make recommendations; requiring the Task Force to report its findings and recommendations to the Governor and the General Assembly on or before June 30, 2005; and providing for the termination of the Act.

History by Legislative Date

House Action

3/11

First Reading House Rules and Executive Nominations

Motion Rules Suspended for late introduction (Delegate Carter) Adopted (133-0)

Referred House Rules and Executive Nominations

3/15

Re-referred Economic Matters

3/17

Hearing 3/25 at 1:00 p.m.

4/7

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Delegate Jill P. Carter, District 41

Delegate Clarence Davis, District 45

Delegate Keith E. Haynes, District 44

Delegate Karen S. Montgomery, District 14

Delegate Jeffrey A. Paige, District 44

Delegate Justin D. Ross, District 22

Delegate Veronica Turner, District 26

Bill indexed under the following Subjects:

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CREDIT

LOANS -see also- MORTGAGES

REPORTS

SUNSET

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

House

March 11, 2004: Motion Rules Suspended for late introduction (Carter) Adopted (133-0)