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Mortgages - Requires closings for all loans for residential real property to be held in office of lender or agent of lender; limits period for prepayment penalty to no longer than 24 months after date of consummation of loan of $100,000 or less for home improvements to owner-occupied residence where residence is collateral for loan. - Amends TCA Title 45 and Title 47.

Fiscal Summary for HB2131 / *SB1712

Increase State Revenues - Not Significant Increase State Expenditures - Not Significant

Latest Actions
  • 04/24/2007 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee
  • 04/18/2007 - Placed on Subcommittee Calendar Utilities, Banking and Small Business of Commerce for 04/24/2007
  • 03/06/2007 - Assigned to Subcommittee Utilities & Banking of COM
  • 02/22/2007 - Passed second consideration, Referred to Commerce
  • 02/21/2007 - Passed first consideration

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Bill Text
File name Last Updated
HB2131 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB1712 Fiscal Notes PDF10/27/2007