SENATE BILL 222

Sponsored By:

Senator Astle

Entitled:

Mortgage Lending - Private Mortgage Insurance

Synopsis:

Repealing specified provisions of State law that require specified lenders to furnish to borrowers a specified statement relating to private mortgage insurance; altering specified provisions of State law relating to private mortgage insurance to conform to the provisions of the federal Homeowners Protection Act of 1998; and providing for the effective date of the Act.

History by Legislative Date

Senate Action

2/1

First Reading Finance

2/3

Hearing 2/23 at 1:00 p.m.

3/4

Favorable with Amendments Report by Finance

3/5

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/9

Third Reading Passed (47-0)

4/6

Senate Concur - House Amendments

Third Reading Passed (46-0)

Passed Enrolled

5/27

Governor vetoed - Cross-filed bill was signed

House Action

3/10

First Reading Economic Matters

3/17

Hearing 3/31 at 1:00 p.m.

4/2

Favorable with Amendments Report by Economic Matters

3/31

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/1

Third Reading Passed with Amendments (136-0)

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.

DISCLOSURE

FEDERAL GOVERNMENT

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

MORTGAGES

Bill affects the following Statutes:

Commercial Law

( 12-106 )

Financial Institutions

( 5-508 , 9-903 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 137365/2 (PDF)     Offered on: March 5, 1999   at: 11:34 a.m.     Status: Adopted

House

Number: 803684/1 (PDF)     Offered on: April 2, 1999   at: 11:54 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 9, 1999: Third Reading Passed (47-0)

April 6, 1999: Third Reading Passed (46-0)

House

April 1, 1999: Third Reading Passed (136-0)