Bill Status of SB 497   93rd General Assembly

Short Description:  ABUSIVE HOME LOAN PRACTICE ACT

Senate Sponsors
Sen. Debbie DeFrancesco Halvorson

Last Action  View All Actions

DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Abusive Home Loan Practice Act. Provides that a creditor making a home loan may not finance any credit life, credit disability, credit property, or credit unemployment insurance policy, any other life or health insurance premiums, or any payments for any debt cancellation or suspension agreement or contract. Limits the fees a creditor making a home loan may impose. Places additional restrictions on creditors that make high-cost home loans. Provides penalties for violations of the Act. Provides that the provisions of the Act are severable.

Actions 
DateChamber Action
  2/18/2003SenateFiled with Secretary by Sen. Debbie DeFrancesco Halvorson
  2/18/2003SenateFirst Reading
  2/18/2003SenateReferred to Rules
  2/19/2003SenateAssigned to Judiciary
  2/27/2003SenatePostponed - Judiciary
  3/5/2003SenatePostponed - Judiciary
  3/5/2003SenateRe-referred to Rules
  3/5/2003SenateRe-assigned to Financial Institutions
  3/14/2003SenateRule 3-9(a) / Re-referred to Rules
  1/11/2005SenateSession Sine Die

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