HOUSE BILL 1407

Sponsored By:

Delegate Conaway

Entitled:

Financial Institutions - Mortgage Loan Originators - Prohibited Acts

Synopsis:

Prohibiting a person subject to regulation as a mortgage loan originator from making a payment, threat, or promise for the purpose of influencing another person to violate specified federal or State law or professional standards in connection with a residential mortgage loan; prohibiting a specified person from making a payment, threat, or promise to an appraiser of a property in order to influence the independent judgment of the appraiser with respect to the property value, and from engaging in specified acts and practices; etc.

History by Legislative and Calendar Date

House Action

2/19

First Reading House Rules and Executive Nominations

3/8

Re-referred Economic Matters

3/9

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

4/2

Favorable with Amendments Report by Economic Matters

3/28

Favorable with Amendments

Special Order 4/6 (Delegate Davis) Adopted

3/30

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/31

Third Reading Passed (115-25)

Senate Action

4/4

First Reading Senate Rules

4/6

Re-referred Finance

4/12

Hearing 4/12 at 10:00 a.m.

Favorable Report by Finance

Bill indexed under the following Subjects:

Appraisals

Bribery

Crimes and Punishments -see also- Penalties and Sentnc; etc.

Loans -see also- Mortgages

Mortgages

Penalties and Sentences -see also- Death Penalty

Real Property

Bill affects the following Statutes:

Financial Institutions

( 11-617 , 11-624 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments:

House

Number: 303190/01     Offered on: April 6, 2010   at: 10:51 a.m.     Status: Adopted

Committee Votes :

House

Economic Matters

Senate

Finance

Roll Call Vote (Legislative date is shown):

House

March 31, 2010: Third Reading Passed (115-25)