CS/SB 1532: Reverse Mortgage Loans [WPSC]
GENERAL BILL by Banking and Insurance ; Fasano ; (CO-INTRODUCERS) Justice
Reverse Mortgage Loans [WPSC]; Provides definitions. Specifies who may originate or make a loan. Specifies the requirements for reverse mortgage loans. Authorizes certain fees and charges for loans. Requires mortgage lenders to disclose certain loan information to mortgagors. Prohibits lenders from requiring reverse mortgage loan applicants to purchase certain financial products. Authorizes the Financial Services Commission to adopt rules, etc.
Last Action: 4/30/2010 House - Died in Messages
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 1/27/2010 Senate • Filed
2/3/2010 Senate • Referred to Banking and Insurance
2/5/2010 Senate • On Committee agenda-- Banking and Insurance, 02/16/10, 1:30 pm, 412-K
2/16/2010 Senate • CS by- Banking and Insurance; YEAS 8 NAYS 0
2/17/2010 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
2/25/2010 Senate • Placed on Calendar, on 2nd reading
3/2/2010 Senate • Introduced, referred to Banking and Insurance -SJ 00108; On Committee agenda-- Banking and Insurance, 02/16/10, 1:30 pm, 412-K; CS by- Banking and Insurance; YEAS 8 NAYS 0 -SJ 00164; CS read 1st time on 03/02/10 -SJ 00159; Pending reference review -under Rule 4.7(2) - (Committee Substitute); Placed on Calendar, on 2nd reading -SJ 00165; Placed on Special Order Calendar; Read 2nd time -SJ 00006
3/3/2010 Senate • Read 3rd time -SJ 00180; CS passed; YEAS 40 NAYS 0 -SJ 00180
3/16/2010 House • In Messages
4/30/2010 House • Died in Messages
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CS/SB 1532, Committee Substitute 1 (Current Bill Version) Posted 2/17/2010 at 2:12 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 2/17/2010 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 845 (c1) Reverse Mortgage Loans Legg Similar Last Action: 4/30/2010 H Died on Calendar
Location:Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 860591 - Amendment
Legg 4/26/2010
6:19 PMPDF Floor Votes (1)
Date Chamber Result 3/3/2010 1:45 PM Senate 40 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 494.00297 -
SB 1532, Original Filed Version Posted 1/27/2010 at 2:29 PM
Bill Text: Web Page | PDF Analyses: None Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 824776 - Amendment
Banking and Insurance
(Fasano)2/15/2010
12:57 PMReplaced by Committee Substitute
2/16/2010PDF 694236 - Amendment to Amendment (824776)
Banking and Insurance
(Fasano)2/16/2010
12:19 PMReplaced by Committee Substitute
2/16/2010PDF Committee Votes (1)
Date Committee Result 2/16/2010 1:30 PM Banking and Insurance 8 Yeas - 0 Nays