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2002 Regular Session bill information current as of December 12, 2002 - 1:57 a.m.
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HOUSE BILL 649

CHAPTER NUMBER: 532
File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 499

Sponsored By:
Delegates McIntosh and Wood

Entitled:
Credit Regulation - Extensions of Credit

Synopsis:

Prohibiting specified lenders and credit grantors from financing specified single premium insurance as part of specified mortgage loans; prohibiting specified lenders and credit grantors from making specified loans without giving due regard to the specified borrower's ability to repay the loans; requiring specified borrowers to be provided with specified home buyer education or housing counseling information under specified circumstances; etc.

History by Legislative Date

House Action
2/4
First Reading Commerce and Government Matters
2/6
Hearing 2/20 at 1:00 p.m.
3/21
Favorable with Amendments Report by Commerce and Government Matters
Favorable with Amendments Report Adopted
Special Order next session (Delegate C. Davis) Adopted
3/22
Second Reading Passed with Amendments
3/23
Third Reading Passed (136-2)
4/7
House Concur - Senate Amendments
Third Reading Passed (131-1)
Passed Enrolled
5/16
Signed by the Governor Chapter 532
Senate Action
3/25
First Reading Finance
3/26
Hearing 4/2 at 1:00 p.m.
4/8
Favorable with Amendments Report by Finance
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
Motion two readings same day Const/Rule 24 (Senator Bromwell) Adopted
Third Reading Passed with Amendments (45-1)

Sponsored by:

Delegate Maggie McIntosh, District 42
Delegate John F. Wood, Jr., District 29A

Bill indexed under the following Subjects:

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
CREDIT
EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.
LOANS -see also- MORTGAGES
MORTGAGES
PUBLIC LOCAL LAWS

Bill affects the following Statutes:

Commercial Law
( 12-124.1 , 12-127 , 12-311 , 12-312 , 12-409.1 , 12-410 , 12-1007 , 12-1029 )

Financial Institutions
( 1-209 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading (RTF / PDF), Enrolled (RTF / PDF)

Fiscal Note: Available (Word / PDF)

Amendments:
House
Number: 486782/1 (WordPerfect / PDF)     Offered on: March 21, 2002   at: 10:33 a.m.     Status: Adopted
Senate
Number: 637679/1 (WordPerfect / PDF)     Offered on: April 8, 2002   at: 12:55 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
House
March 23, 2002: Third Reading Passed (136-2)
April 7, 2002: Third Reading Passed (131-1)
Senate
April 5, 2002: Third Reading Passed (45-1)


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