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The Florida Senate

SB 2846: Subprime Loans [EPCC]


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

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