The Florida Senate

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.

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• 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)

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• HB 979, Original Filed Version (Current Bill Version) Posted 2/20/2008 at 9:43 AM

  Bill Text:	Web Page | PDF

  Analyses:	None

  Related Bills (2)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location
  H 381	Lending Practices	Soto	Compare	Last Action: 1/3/2008 H Referred to Jobs & Entrepreneurship Council; Withdrawn from Jobs & Entrepreneurship Council; Withdrawn prior to introduction -HJ 00034 Location:
  S 2846	Subprime Loans [EPCC]	Deutch	Compare	Last Action: 5/2/2008 S Died in Committee on Commerce Location:

  Citations - Statutes (9)

  Citation	Catchline	Location in Bill Location In Bill Help
  494.0078	Short title; purposes.
  494.0079	Definitions.
  494.00791	Prohibited acts.
  494.00792	Required disclosures for high-cost home loans.
  494.00793	Liability of purchasers and assignees.
  494.00794	Right to cure high-cost home loans.
  494.00796	Enforcement.
  494.00798
  494.00799

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