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2009 SESSION
HB 2262 Mortgage Lender and Broker Act; authorizes SCC to request Attorney General to investigate violation.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Mortgage Lender and Broker Act. Provides that no person in the business of originating residential mortgage loans shall use any deception, fraud, false pretense, false promise, or misrepresentation in connection with a mortgage loan transaction and authorizes the Attorney General to investigate any such violations. The Attorney General may bring an action in circuit court to enjoin any such violations. If a person is found to have committed a willful violation, the Attorney General may recover a civil penalty of not more than $2,500 per violation. The Attorney General may also recover damages, restitution on behalf of borrowers, other costs and expenses, and attorney fees. The bill does not create a private right of action in favor of any person aggrieved by a violation. This bill is identical to SB 1170.
FULL TEXT
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 090119806 pdf | impact statement
- 02/06/09 House: Committee substitute printed 090335588-H1 pdf | impact statement
- 03/04/09 House: Bill text as passed House and Senate (HB2262ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0204) pdf
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 090119806
- 01/14/09 House: Referred to Committee on Commerce and Labor
- 01/20/09 House: Referred from Commerce and Labor by voice vote
- 01/20/09 House: Referred to Committee for Courts of Justice
- 01/28/09 House: Assigned Courts sub: Civil
- 02/04/09 House: Subcommittee recommends reporting with amendment(s)
- 02/06/09 House: Reported from Courts of Justice with substitute (21-Y 1-N)
- 02/06/09 House: Committee substitute printed 090335588-H1
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time
- 02/09/09 House: Committee substitute agreed to 090335588-H1
- 02/09/09 House: Engrossed by House - committee substitute HB2262H1
- 02/10/09 House: Read third time and passed House (99-Y 0-N)
- 02/10/09 House: VOTE: --- PASSAGE (99-Y 0-N)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on Commerce and Labor
- 02/23/09 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/24/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/25/09 Senate: Read third time
- 02/25/09 Senate: Passed Senate (40-Y 0-N)
- 03/04/09 House: Enrolled
- 03/04/09 House: Bill text as passed House and Senate (HB2262ER)
- 03/05/09 Senate: Signed by President
- 03/06/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 204 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0204)