Senate Bill sb2446

    Florida Senate - 2005                                  SB 2446

    By Senator Siplin





    19-1540-05

  1                      A bill to be entitled

  2         An act relating to discriminatory lending

  3         practices; prohibiting an employee or agent of

  4         a financial institution from denying loans or

  5         restricting the number of loans made to

  6         residents of a particular geographic area of a

  7         community based on the race, national origin,

  8         or income of the residents of that area;

  9         providing a penalty; providing an effective

10         date.

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12  Be It Enacted by the Legislature of the State of Florida:

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14         Section 1.  An employee of a financial institution who

15  denies loans or restricts the number of loans made to the

16  residents of a particular geographic area of a community based

17  on the race, national origin, or income of the residents of

18  that area is guilty of a felony of the third degree,

19  punishable as provided in section 775.082, section 775.083, or

20  section 775.084, Florida Statutes.

21         Section 2.  This act shall take effect July 1, 2005.

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24                          SENATE SUMMARY

25    Prohibits employees or agents of financial institutions
      from redlining. Provides a penalty.
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CODING: Words stricken are deletions; words underlined are additions.