BILL · 1995–96 SESSION

HB 1188: Loan-to-value ratios

Concerning the loan security ratio.

Summary

  • The statutory provision limiting the maximum loan-to-value ratio to 90 percent for real estate loans made by consumer loan companies is removed. The Director of the Department of Financial Institutions must determine, by rule, how often consumer loan companies are examined.

From the Senate Bill Report (HB 1188), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 9, Laws of 1995
  1. IntroducedJan 17, 1995
  2. Out of committee
  3. Passed HouseFeb 3, 1995
  4. Passed SenateApr 4, 1995
  5. Governor
  6. LawApr 12, 1995
Prime sponsor
Les Thomas (R-31)
Introduced
January 17, 1995 in the House
Last action
April 12, 1995
Session law
Chapter 9, Laws of 1995

Sponsors

Votes

House · Final Passage

February 3, 1995
Version voted on: HB 1188
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican61001
How each member voted

Yea (96)

Excused (2)

Senate · Final Passage

April 4, 1995
Version voted on: HB 1188
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican23001
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 1188 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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