Mortgage lenders, etc.; prohibits making a mortgage that is more expensive than borrower qualifies. (SB709)
Introduced By
Sen. Steve Martin (R-Chesterfield)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/16/2008 | Presented and ordered printed 080121268 |
01/16/2008 | Referred to Committee on Commerce and Labor |
01/18/2008 | Impact statement from SCC (SB709) |
01/21/2008 | Reported from Commerce and Labor with amendments (15-Y 0-N) (see vote tally) |
01/23/2008 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/24/2008 | Read second time |
01/24/2008 | Reading of amendments waived |
01/24/2008 | Committee amendments agreed to |
01/24/2008 | Engrossed by Senate as amended SB709E |
01/24/2008 | Printed as engrossed 080121268-E |
01/25/2008 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
01/25/2008 | Communicated to House |
02/12/2008 | Placed on Calendar |
02/12/2008 | Read first time |
02/12/2008 | Referred to Committee on Commerce and Labor |
02/14/2008 | Assigned C & L sub: 2 |
02/19/2008 | Impact statement from SCC (SB709E) |
03/12/2008 | Left in Commerce and Labor |