Escrow accounts; prohibits lender making mortgage loan from charging borrower separate fee, etc. (HB1190)
Introduced By
Del. Bob Marshall (R-Manassas)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Mortgage loans; escrow accounts. Prohibits a lender making a one-to-four family residential dwelling mortgage loan from charging the borrower a separate fee for exercising an option to make payments for real estate taxes and insurance premiums directly, in lieu of establishing an escrow account. View Full Text »
Outcome
Bill Has Failed
History
- 01/11/2006 Prefiled and ordered printed; offered 01/11/06 062610396
- 01/11/2006 Referred to Committee on Commerce and Labor
- 01/19/2006 Assigned to Commerce and Labor sub-committee: Financial Institutions (Dudley)
- 02/07/2006 Tabled in Commerce and Labor