SB 2846 (2008) -  Subprime Loans [EPCC]

by Deutch (CO-SPONSORS) Siplin
Prohibits specified terms in subprime loan agreements. Requires a certificate of completion for lender to make payments to contractor under a home improvement contract. Requires lenders to provide payoff balances within a specified period upon request. Requires a lender to disclose to the borrower the terms and costs associated with a fixed rate loan. Prohibits charging points and fees in certain refinancing, etc.
Effective Date: 10/01/2008
Last Event: 05/02/08 S Died in Committee on Commerce on Friday, May 2, 2008 5:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 04/15/08 9:15 AM
    • Favorable (final action) Votes: Yeas 6   Nays 2
  • Commerce
  • Judiciary
  • General Government Appropriations

Related Bills

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 4/15/2008 1:15:18 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Committee on Commerce Time: 05/02/2008 - 5:59 PM Member: Committee: Version: __
Event: S Now in Commerce -SJ 00617 Time: 04/15/2008 - 2:16 PM Member: Committee: Version: __
Event: S Favorable by Banking and Insurance; YEAS 6 NAYS 2 -SJ 00617 Time: 04/15/2008 - 10:59 AM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 04/15/08, 9:15 am, 412-K Time: 04/10/2008 - 4:59 PM Member: Committee: Version: __
Event: S Introduced, referred to Banking and Insurance; Commerce; Judiciary; General Government Appropriations -SJ 00314 Time: 03/20/2008 - 10:01 AM Member: Committee: Version: __
Event: S Filed Time: 03/04/2008 - 10:56 AM Member: Committee: Version: __

Statutes Referenced by this Bill