Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1093: Mortgages; requirements for certain.
Chief Patron
Del.
Mark Sickles (D-43)
Mark Sickles
(D-43)
Alexandria, VA
Served: 2004–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
02/07/2008: Failed to Pass in Committee
Summary
Low-document, no-document and stated income mortgages. Prohibits certain lenders from making a low-document, no-document, or stated-document mortgage loan unless the lender has obtained detailed documentation of all sources of income claimed by the borrower in the loan application, or corroborated the claimed income by independent verification, and determined, that a reasonable creditor would believe at the time the loan is closed that the borrower will be able to make the scheduled payments associated with the loan.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/09/2008, 01/09/2008, 01/23/2008, 01/23/2008, 02/07/2008 and 02/07/2008.
Poll Results
1 vote
Tags
Bill Text
Related Bills
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
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