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Home > Minnesota > SF0809
Tagged in: Banks and Financial Institutions, Commerce Department, Consumer Protection, Contracts, Disabilities and Access, Disadvantaged, Legal Proceedings, Liens, Mortgages and Deeds, Senior Citizens

Proposed date: Wednesday, February, 14th 2007
Latest Update: Friday, July, 18th 2008

2E Regulating predatory lending practices; defining "fully indexed rate;"
providing certain additional requirements for residential mortgage originators
and servicers to discourage predatory lending including determining reasonable
ability to pay; prohibiting the practice of churning; requiring lenders to
inform borrowers of additional money due for taxes and insurance; modifying the
definition of lender fee; implementing certain requirements for residential
mortgage brokers relating to the relationship with borrowers; applying the duty
of agency between a mortgage broker and a borrower under certain conditions
(me)

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Latest Actions
  • 03/31/2007 - HF substituted on General Orders HF1004
  • 03/30/2007 - Committee report: To pass as amended
  • 03/30/2007 - Second reading
  • 03/22/2007 - Comm rpt: To pass as amend & re-ref to Judiciary
  • 02/15/2007 - Introduction and first reading

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Bill Text
File name Last Updated
SF080905/10/2008
SF080905/10/2008
SF080905/10/2008