RELATING TO FINANCIAL INSTITUTIONS.
Summary
Places restrictions on the ability of financial institutions to sell residential mortgage loans to other financial institutions. Defines "residential mortgage loans" as any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling, and includes refinancings, reverse mortgages, home equity lines of credit, and other first and additional lien loans that meet the qualifications of the definition. (HB1619 HD1)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2018
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2018
Last action Feb 5, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
4
Feb 5, 2018
Committee
Reported from HSG (Stand. Com. Rep. No. 49-18) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
lower
Jan 30, 2018
Lower · Passed
The committees on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Aquino, Quinlan, San Buenaventura; Ayes with reservations: Representative(s) Brower, Nakamura, McDermott; Noes: none; and 1 Excused: Representative(s) Hashem.
lower
Jan 26, 2018
Committee
Re-referred to HSG, CPC, FIN, referral sheet 6
lower
Jan 17, 2018
Committee
Referred to HSG, CPC, referral sheet 3
lower
Jan 17, 2018
Introduced
Introduced and Pass First Reading
lower
Jan 10, 2018
Introduced
Prefiled.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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