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2005 SESSION

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SB 974 Banks; authorized to make interest-only mortgage loans.

Introduced by: Jay O'Brien | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Interest-only mortgage loans.  Authorizes banks to make interest-only loans by eliminating the requirement that mortgage loans with a loan-to-value ratio of less than 50 percent be amortized by payments of principal.

FULL TEXT

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 056897784  pdf

HISTORY

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 056897784
• 01/11/05  Senate: Referred to Committee on Commerce and Labor
• 01/17/05  Senate: Incorporated by C.&L. (SB1029-Newman) (14-Y 0-N)