File Code: Commercial Law - Credit Regulation
Prior Year Introduction As:
HB 1107/07 - ECM
Crossfiled with: SENATE BILL 706
- Sponsored By:
-
Delegate Feldman
- Entitled:
-
Credit Regulation - Mortgage Brokers - Finder's Fee
Clarifying that specified limitations on a mortgage broker's ability
to charge and collect a finder's fee for obtaining more than one loan
secured by the same property within 24 months applies only if the
second loan is obtained from the same borrower as under the initial
loan and is obtained for a specified purpose or is a specified covered
loan; and defining "covered loan".
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 2/9
- First Reading Economic Matters
- Hearing 2/18 at 1:00 p.m.
- 3/25
- Unfavorable Report by Economic Matters Withdrawn
Senate Action
- No Action
Bill indexed under the following Subjects:
- Agents and Brokers
- Fees -see also- Devt Fees and Taxes; Reimbursement Rates
- Loans -see also- Mortgages
- Mortgages
Bill affects the following Statute:
- Commercial Law
- (
12-804
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
