HOUSE BILL 1280

Sponsored By:

Delegate Kullen

Entitled:

Credit Regulation - Loans Secured by Real Property - Insurance Coverage Requirements

Synopsis:

Altering the manner in which specified lenders and credit grantors may determine the replacement value of improvements on real property that secures loans made by the lenders and credit grantors; requiring any property insurance coverage required by specified lenders and credit grantors to bear a reasonable relation to the existing risk of loss; etc.

History by Legislative Date

House Action

2/11

First Reading Economic Matters

2/16

Hearing 3/2 at 1:00 p.m.

3/21

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

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

LOANS -see also- MORTGAGES

REAL PROPERTY

SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS

Bill affects the following Statutes:

Commercial Law

( 12-124 , 12-410 , 12-909 , 12-1007 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered