BILL · 2009–10 SESSION

SB 6767: Residential mortgage loans

Concerning residential mortgage loan modification disclosure.

Summary

  • A residential mortgage loan modification may not be made unless a disclosure summary of all material terms is provided on a separate piece of paper in simple plain-language terms to the borrower 30 days prior to the first payment of the loan modification.

From the Senate Bill Report (Orig.) (SB 6767), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2010
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jean Berkey (D-38)
Introduced
January 26, 2010 in the Senate
Last action
March 15, 2010

AN ACT Relating to residential mortgage loan modification disclosure;

Sponsors

Prime sponsor: Jean Berkey (D-38)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Financial Institutions, Housing & Insurance.

SB 6767 in other sessions

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

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