SB 2846: Subprime Loans [EPCC]
GENERAL BILL by Deutch ; (CO-INTRODUCERS) Siplin
Subprime Loans [EPCC]; Prohibits specified terms in subprime loan agreements. Requires a certificate of completion for lender to make payments to contractor under a home improvement contract. Requires lenders to provide payoff balances within a specified period upon request. Requires a lender to disclose to the borrower the terms and costs associated with a fixed rate loan. Prohibits charging points and fees in certain refinancing, etc.
Effective Date: 10/01/2008
Last Action: 5/2/2008 Senate - Died in Committee on Commerce
Bill Text: Web Page | PDF
Last Action: 5/2/2008 Senate - Died in Committee on Commerce
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/4/2008 | Senate |
• Filed |
| 3/20/2008 | Senate |
• Introduced, referred to Banking and Insurance; Commerce; Judiciary; General Government Appropriations -SJ 00314 |
| 4/10/2008 | Senate |
• On Committee agenda-- Banking and Insurance, 04/15/08, 9:15 am, 412-K |
| 4/15/2008 | Senate |
• Favorable by Banking and Insurance; YEAS 6 NAYS 2 -SJ 00617; Now in Commerce -SJ 00617 |
| 5/2/2008 | Senate |
• Died in Committee on Commerce |