BILL · 1997–98 SESSION

HB 2620: Mortgage broker duties

Regarding fiduciary duties of mortgage brokers.

Summary

  • A mortgage broker has a duty of due diligence in providing mortgage services to borrowers. A mortgage broker who violates this duty to use due diligence also violates the Consumer Protection Act.

From the House Bill Analysis (HB 2620), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 1998
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Brian Sullivan (D-29)
Introduced
January 16, 1998 in the House
Last action
January 16, 1998

Sponsors

Prime sponsor: Brian Sullivan (D-29)

4 co-sponsors (4 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

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 2620 in other sessions

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

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