Introduced
by
To prohibit mortgage brokers from coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan, as described in Senate Bill 342.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that increases the proposed monetary penalty from a maximum fine of $5,000 to $15,000, and reduces the maximum prison term from three years to one year.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that divides its provision between it and HB 6148, which is the House version of the same bill. The substitute revises various details of the original but does not change its substance as previously described.
The substitute passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 6148, which is the House version of the same bill.
The amendment passed by voice vote
Passed in the House 107 to 1 (details)
To prohibit mortgage brokers from coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan, as described in Senate Bill 342.
To concur with the House-passed version of the bill.
Passed in the Senate 35 to 0 (details)
