HB 979 (2008) -  Subprime Loans

by Randolph (CO-SPONSORS) Brisé; Chestnut; Soto; Vana
Revises terminology; creates, revises, & deletes definitions; prohibits specified terms in subprime loan agreements; revises required disclosures to borrowers; provides for right of rescission within specified period; revises provisions relating to applicability of remedies, lender notices of default, & corrections & unintentional violations; provides for civil remedies for violations; provides criminal penalties for intentional violations of specified provisions.
Effective Date: October 1, 2008
Last Event: Died in Committee on Financial Institutions on Friday, May 2, 2008 6:02 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Committee on Financial Institutions Time: 05/02/2008 - 6:02 PM Member: Committee: Committee on Financial Institutions Version:
Event: H Now in Committee on Financial Institutions Time: 03/11/2008 - 12:44 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H Referred to Committee on Financial Institutions by Jobs & Entrepreneurship Council Time: 03/11/2008 - 12:44 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Now in Jobs & Entrepreneurship Council Time: 02/28/2008 - 6:23 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Referred to Policy & Budget Council Time: 02/28/2008 - 6:23 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Jobs & Entrepreneurship Council Time: 02/28/2008 - 6:23 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Filed Time: 02/18/2008 - 4:57 PM Member: Randolph Committee: Version: __

Statutes Referenced by this Bill