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Bill > H1081


FL H1081

FL H1081
Mortgage Lending


summary

Introduced
02/28/2017
In Committee
04/26/2017
Crossed Over
04/26/2017
Passed
Dead
05/05/2017

Introduced Session

2017 Regular Session

Bill Summary

Revises definition of term "mortgage loan"; provides definition for term "hold himself or herself out to public as being in mortgage lending business."

AI Summary

This bill revises the definition of the term "mortgage loan" to include residential loans secured by a dwelling or for the purchase of residential real estate, as well as loans on commercial real property or improved real property with five or more dwelling units if the borrower is an individual or the lender is a non-institutional investor. The bill also provides a definition for the term "hold himself or herself out to the public as being in the mortgage lending business," which includes various forms of advertising, soliciting, or conducting business in a manner that indicates or implies that the individual is a licensed mortgage lender.

Committee Categories

Business and Industry

Sponsors (1)

Other Sponsors (2)

Commerce Committee (House), Insurance and Banking Subcommittee (House)

Last Action

Died in Banking and Insurance (on 05/05/2017)

bill text


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