File Code: Financial Institutions
Crossfiled with: SENATE BILL 507
- Sponsored By:
-
Delegates Feldman, Haddaway-Riccio, McHale, and Schulz
- Entitled:
-
Financial Institutions - Interest Payable on Escrow Accounts and Specific
Purpose Savings Accounts
Altering the interest rate payable by specified lending institutions
on escrow accounts created in connection with loans secured by a first
mortgage or first deed of trust on residential real property;
requiring the interest rate to be adjusted under specified
circumstances; altering the interest rate payable by banking
institutions on interest bearing accounts instituted for a specific
purpose; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
House Action
- 2/3
- First Reading Economic Matters
- 2/7
- Hearing 2/14 at 1:00 p.m.
- 2/20
- Favorable Report by Economic Matters
- 2/21
- Favorable Report Adopted
- Second Reading Passed
- 2/24
- Third Reading Passed (132-3)
- 3/28
- Returned Passed
Senate Action
- 2/27
- First Reading Finance
- 3/16
- Hearing 3/27 at 1:00 p.m.
- 3/29
- Favorable Report by Finance
- 3/25
- Favorable Report Adopted
- Second Reading Passed
- 3/26
- Third Reading Passed (46-0)
Action after passage in House and Senate
- 5/22
- Approved by the Governor
- - Chapter 529
Sponsored by:
- Delegate Brian J. Feldman, District 15
- Delegate Jeannie Haddaway-Riccio, District 37B
- Delegate Brian K. McHale, District 46
- Delegate Kelly Schulz, District 4A
Bill indexed under the following Subjects:
- Banks and Trust Companies
- Escrow Accounts
- Financial Institutions -see also- Banks; Credit Unions; etc.
- Interest
- Mortgages
- Savings and Loan Associations
Bill affects the following Statutes:
- Commercial Law
- (
12-109
,
12-1026
)
- Financial Institutions
- (
5-302
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note:
Available
- Amendments:
None offered
-
Committee Votes :
House
- Economic Matters
Senate
- Finance
- Roll Call Votes (Legislative dates are shown):
House
- February 24, 2012: Third Reading Passed (132-3)
Senate
- March 26, 2012: Third Reading Passed (46-0)
