2009 Regular Session


File Code: Commercial Law - Credit Regulation Prior Year Introduction As: HB 1107/07 - ECM Crossfiled with: SENATE BILL 706
Sponsored By:
Delegate Feldman
Credit Regulation - Mortgage Brokers - Finder's Fee


Clarifying that specified limitations on a mortgage broker's ability to charge and collect a finder's fee for obtaining more than one loan secured by the same property within 24 months applies only if the second loan is obtained from the same borrower as under the initial loan and is obtained for a specified purpose or is a specified covered loan; and defining "covered loan".

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
First Reading Economic Matters
Hearing 2/18 at 1:00 p.m.
Unfavorable Report by Economic Matters Withdrawn
Senate Action
No Action

Bill indexed under the following Subjects:

Agents and Brokers
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Loans -see also- Mortgages

Bill affects the following Statute:

Commercial Law
( 12-804 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered