HB 979: Subprime Loans
GENERAL BILL by Randolph ; (CO-INTRODUCERS) Brisé ; Chestnut ; Soto ; Vana
Subprime Loans; Revises terminology; creates, revises, & deletes definitions; prohibits specified terms in subprime loan agreements; revises required disclosures to borrowers; provides for right of rescission within specified period; revises provisions relating to applicability of remedies, lender notices of default, & corrections & unintentional violations; provides for civil remedies for violations, etc.
Effective Date: 10/1/2008 10/01/2008
Last Action: 5/2/2008 House - Died in Committee on Financial Institutions (JE)
Bill Text: Web Page | PDF
Last Action: 5/2/2008 House - Died in Committee on Financial Institutions (JE)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/18/2008 | House |
• Filed |
| 2/28/2008 | House |
• Referred to Jobs & Entrepreneurship Council; Policy & Budget Council |
| 3/4/2008 | House |
• Introduced, referred to Jobs & Entrepreneurship Council; Policy & Budget Council -HJ 00077 |
| 3/11/2008 | House |
• Referred to Financial Institutions (JE) by Jobs & Entrepreneurship Council -HJ 00227 |
| 5/2/2008 | House |
• Died in Committee on Financial Institutions (JE) |