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

Introduced By

Sen. Steve Martin (R-Chesterfield)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/16/2008Presented and ordered printed 080121268
01/16/2008Referred to Committee on Commerce and Labor
01/18/2008Impact statement from SCC (SB709)
01/21/2008Reported from Commerce and Labor with amendments (15-Y 0-N) (see vote tally)
01/23/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/24/2008Read second time
01/24/2008Reading of amendments waived
01/24/2008Committee amendments agreed to
01/24/2008Engrossed by Senate as amended SB709E
01/24/2008Printed as engrossed 080121268-E
01/25/2008Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/25/2008Communicated to House
02/12/2008Placed on Calendar
02/12/2008Read first time
02/12/2008Referred to Committee on Commerce and Labor
02/14/2008Assigned C & L sub: 2
02/19/2008Impact statement from SCC (SB709E)
03/12/2008Left in Commerce and Labor