Banks; loan applicant verification. (SB42)
Introduced By
Sen. Barbara Favola (D-Arlington) with support from co-patron Sen. Louise Lucas (D-Portsmouth)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Banks; loan applicant verification. Requires banks that receive a loan application form that names an existing customer as the applicant to contact the customer and verify that the customer has applied for the loan. The duty applies when the loan application form is included in loan solicitation materials sent by or on behalf of a bank to its existing customers. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
11/21/2017 | Prefiled and ordered printed; offered 01/10/18 18100427D |
11/21/2017 | Referred to Committee on Commerce and Labor |
01/12/2018 | Impact statement from SCC (SB42) |
01/22/2018 | Stricken at request of Patron in Commerce and Labor (11-Y 0-N) (see vote tally) |