2012 Regular Session


File Code: Commercial Law - Credit Regulation Crossfiled with: HOUSE BILL 674
Sponsored By:
Senators Middleton, Astle, Glassman, Kelley, Kittleman, Klausmeier, and Pipkin
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.
Senate Action
First Reading Finance
Hearing 2/21 at 1:00 p.m.
Hearing cancelled
House Action
No Action

Sponsored by:

Senator Thomas M. Middleton, District 28
Senator John C. Astle, District 30
Senator Barry Glassman, District 35
Senator Delores G. Kelley, District 10
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator E. J. Pipkin, District 36

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