BILL · 2001–02 SESSION

SB 6621: Residential mortgage loans

Revising residential mortgage loan provisions.

Summary

  • Requires that a licensee making a residential mortgage loan to a resident of this state must have reasonable grounds for believing that the loan is suitable for the customer upon the basis of the facts, if any, disclosed by the customer as to his or her financial circumstances, needs, and objectives.

From the Bill Digest (SB 6621), 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 residential mortgage loans;

Sponsors

Prime sponsor: Georgia Gardner (D-42)

1 co-sponsor (0 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 6621 in other sessions

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

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