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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2018
Committee Review
Floor Vote
Governor
Introduced Jan 19, 2018
Last action Feb 15, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Feb 15, 2018
Upper · Passed
The committee on CPH deferred the measure.
upper
Feb 9, 2018
Upper · Passed
The committee(s) on CPH has scheduled a public hearing on 02-15-18 9:00AM in conference room 229.
upper
Jan 22, 2018
Committee
Referred to CPH.
upper
Jan 19, 2018
Introduced
Introduced.
upper
5 primary · 0 co-sponsors
Sponsors
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