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SB709: Mortgage lenders, etc.; prohibits making a mortgage that is more expensive than borrower qualifies.

Chief Patron

Sen. Stephen Martin (R-11)

Stephen Martin (R-11)
Served: 1994–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

03/12/2008: Failed to Pass in Committee

View Entire History

Summary

Mortgage lenders and brokers. Prohibits any mortgage lender or broker that is required to be licensed under the Mortgage Lender and Broker Act from making a mortgage loan to, or negotiating, placing or finding a mortgage loan for, a borrower if it is more expensive than another mortgage loan with similar terms that the lender or broker markets or offers and for which the borrower qualifies.

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Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/23/2008, 01/23/2008, 01/24/2008, 01/24/2008, 01/25/2008, 02/12/2008, 02/14/2008, 02/14/2008, 02/19/2008 and 02/19/2008.

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This bill is being tracked by Virginia Poverty Law Center, JWS, Legal Aid Justice Center and Housing Opportunities Made Equal of Virginia, Inc.

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Bill Text

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