RELATING TO THE MORTGAGE LOAN RECOVERY FUND.
Summary
Allows a person aggrieved by the fraud, misrepresentation, or deceit of a mortgage loan originator company licensee to receive restitution payment upon a final court order. Repeals fees paid by mortgage loan originator companies and their branch office locations to the Mortgage Loan Recovery Fund. Provides the Commissioner of Financial Institutions with the authority to consider applications to recover from the fund.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 25, 2021
Last action Jan 29, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 29, 2021
Committee
Referred to CPC, FIN, referral sheet 2
lower
Jan 27, 2021
Introduced
Introduced and Pass First Reading.
lower
Jan 25, 2021
Introduced
Pending introduction.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Scott Saiki
DDemocratic
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