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2009 SESSION

• | print version

HB 1787 Mortgage Lender and Broker Act; homeownership education program.

Introduced by: Robert D. Hull | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mortgage Lender and Broker Act; homeownership education program.  Prohibits licensed mortgage lenders and mortgage brokers and certain other persons exempt from the licensing requirements of the Mortgage Lender and Broker Act from committing to make a high-risk mortgage loan unless the prospective borrower has completed a homeownership education course that has been approved by the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, the Bureau of Financial Institutions, or the Virginia Housing Development Authority.

FULL TEXT

• 01/09/09  House: Prefiled and ordered printed; offered 01/14/09 090092552  pdf | impact statement

HISTORY

• 01/09/09  House: Prefiled and ordered printed; offered 01/14/09 090092552
• 01/09/09  House: Referred to Committee on Commerce and Labor
• 01/16/09  House: Assigned C & L sub: 2
• 01/29/09  House: Subcommittee recommends laying on the table by voice vote
• 02/03/09  House: Tabled in Commerce and Labor by voice vote