CS/SB 1532 (2010) -  Reverse Mortgage Loans [WPSC]

General Bill by Banking and Insurance and Fasano (CO-SPONSORS) Justice
Reverse Mortgage Loans [WPSC]: Provides definitions. Specifies who may originate or make a loan. Specifies the requirements for reverse mortgage loans. Authorizes certain fees and charges for loans. Requires mortgage lenders to disclose certain loan information to mortgagors. Prohibits lenders from requiring reverse mortgage loan applicants to purchase certain financial products. Authorizes the Financial Services Commission to adopt rules, etc.
Effective Date: 01/01/2011
Last Event: Died in Messages on Friday, April 30, 2010 6:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 02/16/10 1:30 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 845 Subject: Reverse Mortgage Loans Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 2/17/2010 1:13:34 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 03/03/2010 01:45 PM   Yeas: 40 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 3] Barcode:

Bill History

Event Time Member Committee Ver.
Event: H Died in Messages Time: 04/30/2010 - 6:59 PM Member: Committee: Version: c1
Event: H Amendment 860591 filed Time: 04/26/2010 - 7:49 PM Member: Committee: Version: c1
Event: H In Messages Time: 03/16/2010 - 4:05 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 40 NAYS 0 -SJ 00180 Time: 03/03/2010 - 1:45 PM Member: Committee: Version: c1
Event: S Read 3rd time -SJ 00180 Time: 03/03/2010 - 1:43 PM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 00006 Time: 03/02/2010 - 3:44 PM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar Time: 03/01/2010 - 8:12 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading -SJ 00165 Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S CS read 1st time on 03/02/10 -SJ 00159 Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S CS by- Banking and Insurance; YEAS 8 NAYS 0 -SJ 00164 Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Banking and Insurance, 02/16/10, 1:30 pm, 412-K Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S Introduced, referred to Banking and Insurance -SJ 00108 Time: 03/01/2010 - 7:29 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 02/17/2010 - 1:52 PM Member: Committee: Version: c1
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 02/17/2010 - 1:52 PM Member: Committee: Version: c1
Event: S CS by- Banking and Insurance; YEAS 8 NAYS 0 Time: 02/16/2010 - 3:31 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Banking and Insurance, 02/16/10, 1:30 pm, 412-K Time: 02/05/2010 - 1:53 PM Member: Committee: Version: c1
Event: S Referred to Banking and Insurance Time: 02/03/2010 - 3:06 PM Member: Committee: Version: c1
Event: S Filed Time: 01/27/2010 - 3:13 PM Member: Committee: Version: c1

Statutes Referenced by this Bill

Statute Other Bill Citations
0494.00297