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2005 SESSION

• | print version

SB 1029 Banks; eliminates requirements that certain mortgage loans be amortized by periodic payments.

Introduced by: Stephen D. Newman | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Mortgage loans by state banks. Eliminates requirements that certain mortgage loans be amortized by periodic payments of principal and interest or by regular payments of principal. A provision of the Code that allows the Commissioner of Financial Institutions to authorize investment in mortgage loans that provide for lesser payments during early periods of maturity of such loans is eliminated. SB 974 is incorporated.

FULL TEXT

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 057261776  pdf | impact statement
• 01/18/05  Senate: Committee substitute printed 054190776-S1  pdf | impact statement
• 03/02/05  Senate: Bill text as passed Senate and House (SB1029ER)  pdf | impact statement
• 03/25/05  Governor: Acts of Assembly Chapter text (CHAP0263)  pdf

HISTORY

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 057261776
• 01/11/05  Senate: Referred to Committee on Commerce and Labor
• 01/17/05  Senate: Reported from C. & L. with substitute (14-Y 0-N)
• 01/18/05  Senate: Committee substitute printed 054190776-S1
• 01/19/05  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/19/05  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/20/05  Senate: Read second time
• 01/20/05  Senate: Reading of substitute waived
• 01/20/05  Senate: Committee substitute agreed to 054190776-S1
• 01/20/05  Senate: Engrossed by Senate - committee substitute SB1029S1
• 01/21/05  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/21/05  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/21/05  Senate: Communicated to House
• 02/08/05  House: Placed on Calendar
• 02/08/05  House: Read first time
• 02/08/05  House: Referred to Committee on Commerce and Labor
• 02/15/05  House: Reported from Commerce and Labor (21-Y 0-N)
• 02/17/05  House: Read second time
• 02/18/05  House: Read third time
• 02/18/05  House: Passed House BLOCK VOTE (97-Y 0-N)
• 02/18/05  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 03/02/05  Senate: Bill text as passed Senate and House (SB1029ER)
• 03/02/05  Senate: Enrolled
• 03/03/05  House: Signed by Speaker
• 03/04/05  Senate: Signed by President
• 03/20/05  Governor: Approved by Governor-Chapter 263 (effective 7/1/05)
• 03/25/05  Governor: Acts of Assembly Chapter text (CHAP0263)