2012 Regular Session


File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 451
Sponsored By:
Delegates Davis, Feldman, Haddaway-Riccio, McHale, and Schulz
Credit Regulation - Finder's Fees - Table-Funded Loans


Altering the definitions of "finder's fee", "lender", and "mortgage broker" for purposes of provisions of law governing finder's fees charged by mortgage brokers to clarify that, in a table-funded mortgage loan transaction, fees charged by the person named as the lender in specified documents evidencing the loan indebtedness are not considered finder's fees; establishing a specified statute of limitations; applying the Act; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Economic Matters
Hearing 2/21 at 1:00 p.m.
Unfavorable Report by Economic Matters Withdrawn
Senate Action
No Action

Sponsored by:

Delegate Dereck E. Davis, District 25
Delegate Brian J. Feldman, District 15
Delegate Jeannie Haddaway-Riccio, District 37B
Delegate Brian K. McHale, District 46
Delegate Kelly Schulz, District 4A

Bill indexed under the following Subjects:

Agents and Brokers
Civil Actions -see also- Small Claims
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Loans -see also- Mortgages
Statutes of Limitation

Bill affects the following Statutes:

Commercial Law
( 12-801 , 12-804 , 12-810 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Economic Matters