RMLA-MORTGAGE SUMMARY-TERMS
Summary
Amends the Residential Mortgage License Act of 1987. Provides that at the time a mortgage loan is made or brokered, a licensee must provide to the borrower, in the mortgage document, a summary of the terms of the mortgage agreement. The summary must be listed on the first page of the document in an area titled "SUMMARY OF TERMS". The summary must be listed in bold, 14-point font.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2009
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2009
Last action Jan 11, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
17
Key actions
0
Committee
4
Jan 11, 2011
House · Failed
Session Sine Die
Apr 3, 2009
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 10, 2009
House · Reported by committee
Do Pass / Short Debate Consumer Protection Committee; 008-005-000
Mar 3, 2009
House · Referred to committee
Assigned to Consumer Protection Committee
Feb 26, 2009
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Emily McAsey
DDemocratic
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