ABUSIVE HOME LOAN PRACTICE ACT
Summary
Creates the Abusive Home Loan Practice Act. Provides that a creditor making a home loan may not finance any credit life, credit disability, credit property, or credit unemployment insurance policy, any other life or health insurance premiums, or any payments for any debt cancellation or suspension agreement or contract. Limits the fees a creditor making a home loan may impose. Places additional restrictions on creditors that make high-cost home loans. Provides penalties for violations of the Act. Provides that the provisions of the Act are severable.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2003
Committee Review
Floor Vote
Governor
Introduced Feb 18, 2003
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
5
Jan 11, 2005
Senate · Failed
Session Sine Die
Mar 14, 2003
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Rules
Mar 5, 2003
Senate · Referred to committee
Re-assigned to Financial Institutions
Mar 5, 2003
Senate · Referred to committee
Re-referred to Rules
Feb 19, 2003
Senate · Referred to committee
Assigned to Judiciary
Feb 18, 2003
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Debbie DeFrancesco Halvorson
DDemocratic
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