File Code: Commercial Law - Credit Regulation
- Sponsored By:
-
Delegates McConkey, Bobo, Gilleland, Hogan, Holmes, Love,
Niemann, Ramirez, Ross, and Trueschler
- Entitled:
-
Credit Regulation - Prepayment Charge or Penalty - Prohibition
Prohibiting a contract for a loan secured by a mortgage or deed of
trust on an interest in owner-occupied residential real property from
requiring a borrower to pay a prepayment charge or penalty on a
partial or full prepayment of the unpaid principal balance of the
loan; prohibiting a presently existing obligation or contract right
from being impaired in any way by the Act; and applying the Act.
House Action
- 1/23
- First Reading Economic Matters
- 2/8
- Hearing 2/15 at 1:00 p.m.
- 2/27
- Unfavorable Report by Economic Matters
Senate Action
- No Action
Sponsored by:
- Delegate Tony McConkey, District 33A
- Delegate Elizabeth Bobo, District 12B
- Delegate Terry R. Gilleland, Jr., District 32
- Delegate Patrick N. Hogan, District 3A
- Delegate Marvin E. Holmes, Jr., District 23B
- Delegate Mary Ann E. Love, District 32
- Delegate Doyle L. Niemann, District 47
- Delegate Victor R. Ramirez, District 47
- Delegate Justin D. Ross, District 22
- Delegate John G. Trueschler, District 42
Bill indexed under the following Subjects:
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- CREDIT
- MORTGAGES
- PENALTIES
Bill affects the following Statute:
- Commercial Law
- (
12-105
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
