BILL · 2001–02 SESSION

SB 6620: Housing loan reserve program

Creating the housing loan reserve program.

Summary

  • Finds that low and moderate-income homebuyers may not be eligible for loans under traditional standards used by banks and often borrow from subprime lenders at terms that are disadvantageous to them and are not justified by the slight increase in risk they might represent to a lender.

From the Bill Digest (SB 6620), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2002
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Georgia Gardner (D-42)
Introduced
January 23, 2002 in the Senate
Last action
January 23, 2002

AN ACT Relating to local development;

Sponsors

Prime sponsor: Georgia Gardner (D-42)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

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

History

  1. First reading, referred to Labor, Commerce & Financial Institutions.

SB 6620 in other sessions

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

Report wrong or missing information on this page