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2001 SESSION

• | print version

HB 2787 Mortgage lenders and brokers; predatory lending practices.

Introduced by: A. Donald McEachin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Mortgage lenders and brokers; predatory lending practices. Increases the maximum penalty for a violation of the Mortgage Lender and Broker Act from $1,000 to $2,500, and increases the amount of the bond that mortgage lenders and brokers are required to post from $5,000 to $25,000. The measure also prohibits a mortgage lender from recommending or encouraging a person to default on an existing loan or other debt, if such default adversely affects such person's credit worthiness, in connection with the solicitation or making of a refinancing mortgage loan.

FULL TEXT

• 01/19/01  House: Presented & ordered printed 010228840  pdf | impact statement
• 02/04/01  House: Printed as engrossed 010228840-E  pdf | impact statement
• 02/28/01  House: Bill text as passed House and Senate (HB2787ER)  pdf | impact statement
• 03/09/01  House: Bill text as passed House and Senate reprinted (HB2787ER)  pdf | impact statement
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0511)  pdf

AMENDMENTS

• House amendments
• Senate amendments
• Senate amendments engrossed
• Conference amendments

HISTORY

• 01/19/01  House: Presented & ordered printed 010228840
• 01/19/01  House: Referred to Committee on Corporations, Insurance and Banking
• 01/25/01  House: Reported from C. I. B. w/amds (24-Y 1-N)
• 01/26/01  House: Read first time
• 01/29/01  House: Passed by for the day
• 01/30/01  House: Passed by for the day
• 01/31/01  House: Passed by for the day
• 02/01/01  House: Read second time
• 02/01/01  House: Committee amendments agreed to
• 02/01/01  House: Amendment by Del. Parrish agreed to
• 02/01/01  House: Passed by for the day
• 02/02/01  House: Passed by for the day
• 02/03/01  House: Passed by for the day
• 02/04/01  House: Read second time
• 02/04/01  House: Amendment by Del. McEachin agreed to
• 02/04/01  House: Engrossed by House as amended
• 02/04/01  House: Printed as engrossed 010228840-E
• 02/05/01  House: VOTE: PASSAGE (76-Y 20-N)
• 02/05/01  House: Read third time and passed House (76-Y 20-N)
• 02/05/01  House: Communicated to Senate
• 02/07/01  Senate: Constitutional reading dispensed
• 02/07/01  Senate: Referred to Committee on Commerce and Labor
• 02/13/01  Senate: Assigned to C. & L. sub-committee: 2
• 02/19/01  Senate: Reported from C. & L. with amendments (15-Y 0-N)
• 02/20/01  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/20/01  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/20/01  Senate: Read third time
• 02/20/01  Senate: Reading of amendments waived
• 02/20/01  Senate: Committee amendments agreed to
• 02/20/01  Senate: Engrossed by Senate as amended
• 02/20/01  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/20/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/20/01  Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
• 02/20/01  Senate: VOTE: RECONSIDER R (40-Y 0-N)
• 02/20/01  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/20/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/21/01  House: Placed on Calendar
• 02/22/01  House: VOTE: REJECTED (25-Y 63-N)
• 02/22/01  House: Senate amendments rejected by House (25-Y 63-N)
• 02/22/01  Senate: VOTE: INSIST & REQUEST (40-Y 0-N)
• 02/22/01  Senate: Senate insisted on amendments (40-Y 0-N)
• 02/22/01  Senate: Senate requested conference committee
• 02/22/01  House: House acceded to request
• 02/22/01  Senate: Conferees appointed by Senate
• 02/22/01  Senate: Senators: Watkins, Mims, Edwards
• 02/22/01  House: Conferees appointed by House
• 02/22/01  House: Delegates: McEachin, Suit, Morgan
• 02/24/01  House: VOTE: ADOPTION (89-Y 6-N)
• 02/24/01  House: Conference report agreed to by House (89-Y 6-N)
• 02/24/01  Conference: Senate amendments rejected by conference committee
• 02/24/01  Conference: Amended by conference committee
• 02/24/01  Senate: Reading of conference report waived
• 02/24/01  Senate: Conference report agreed to by Senate (38-Y 0-N)
• 02/24/01  Senate: VOTE: CONF. COMMITTEE RPT. (38-Y 0-N)
• 02/28/01  House: Bill text as passed House and Senate (HB2787ER)
• 03/02/01  House: Enrolled
• 03/02/01  House: Signed by Speaker
• 03/02/01  Senate: Signed by President
• 03/09/01  House: Bill text as passed House and Senate reprinted (HB2787ER)
• 03/22/01  Governor: Approved by Governor-Chapter 511 (effective 7/1/01)
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0511)