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Legislation


2005 Regular Session

HOUSE BILL 1280

File Code: Commercial Law - Credit Regulation
Sponsored By:
Delegate Kullen
Entitled:
Credit Regulation - Loans Secured by Real Property - Insurance Coverage Requirements

Synopsis:

Altering the manner in which specified lenders and credit grantors may determine the replacement value of improvements on real property that secures loans made by the lenders and credit grantors; requiring any property insurance coverage required by specified lenders and credit grantors to bear a reasonable relation to the existing risk of loss; etc.

History by Legislative Date

House Action
2/11
First Reading Economic Matters
2/16
Hearing 3/2 at 1:00 p.m.
3/21
Unfavorable Report by Economic Matters
Senate Action
No Action

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LOANS -see also- MORTGAGES
REAL PROPERTY
SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS

Bill affects the following Statutes:

Commercial Law
( 12-124 , 12-410 , 12-909 , 12-1007 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
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