BILL · 2001–02 SESSION

SB 6747: abusive mortgage lending

Protecting against abusive mortgage lending practices.

Summary

  • Finds that abusive mortgage lending has become an increasing problem in this state, exacerbating the loss of equity in homes and causing the number of foreclosures to increase in recent years. One of the most common forms of abusive lending is the making of loans that are equity-based, rather than income-based.

From the Bill Digest (SB 6747), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 31, 2002
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 31, 2002 in the Senate
Last action
January 31, 2002

AN ACT Relating to abusive mortgage lending;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

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

History

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

SB 6747 in other sessions

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

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