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Developed and maintained by the Division of Legislative Automated Systems.
2001 SESSION
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
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)