Checkmark
Legislation watch
Senate Roll Call 1014 on
2002 House Bill 6121

To prohibit lenders making certain high-cost home loans ("sub-prime" loans) from charging fees for products or services that are not provided; requiring a loan applicant to leave blank spaces on an application, or changing the application information to deceive a third party about a borrower's qualifications; financing single premium insurance coverage; and compensating, coercing or intimidating an appraiser to get a higher appraisal. The bill also prohibits misleading statements, including statements about the cost of a loan, the ability of the borrower to repay it, or the value of the property, and requires the lender to consider whether the type of audience to which the statement is directed can reasonably be expected to comprehend it. It requires the Office of Financial and Insurance Services develop and make available model programs for financial education to teach personal financial management skills and the basic principles of saving, borrowing, investing, and protecting against fraud. The bill preempts local governments from regulating in this area. The bill is part of a legislative package comprised of House Bills 6121 to 6127.

View the rest of House Bill 6121: History, Amendments & Comments 

facebook  twitter  View comments  Print-friendly version

Vote
In Favor In Favor
Against Against
Not Voting Not Voting
 Undecided
Republican
91991%
4964%
4964%
23 total votes
Democrat
267426%
604060%
138713%
15 total votes

What do you think? In Favor Against Undecided (sign in required)

Add to your scorecard as In Favor or Against (select a scorecard)


IN FAVOR

SENATE DEMOCRATS

SENATE REPUBLICANS


AGAINST

SENATE DEMOCRATS

SENATE REPUBLICANS


SENATE LEGISLATORS WHO DID NOT VOTE

SENATE LEGISLATORS ORDERED BY NAME


Senate Roll Call 1014 on 2002 House Bill 6121

Comments