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.
Last Action: 5/2/2008 Senate - Died in Committee on Commerce
Bill Text: Web Page | PDF
• Introduced, referred to Banking and Insurance; Commerce; Judiciary; General Government Appropriations -SJ 00314
• On Committee agenda-- Banking and Insurance, 04/15/08, 9:15 am, 412-K
• Favorable by Banking and Insurance; YEAS 6 NAYS 2 -SJ 00617; Now in Commerce -SJ 00617
• Died in Committee on Commerce
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.