Did not become law. It stopped in the Senate's Banking Committee on February 22, 2008. The 2008 session has ended.
2008 Regular Session
Senate Bill 423
AN ACT CONCERNING FORECLOSURE PREVENTION AND RESPONSIBLE LENDING.
What it does
The synopsis the General Assembly published with the bill.
To reduce foreclosure by removing incentives to placing borrowers in loans that they cannot afford or cost significantly more that the borrower would qualify for; creating accountability by conferring legal rights on borrowers who have been taken advantage of by unscrupulous lenders; prohibiting certain loan practices that are antithetical to homeownership; and prohibiting loan terms that significantly increase the likelihood of default and foreclosure.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
February 21 to February 22, 2008, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateFeb 21 to Feb 22 · stopped1 day
Banking CommitteeFeb 21 to Feb 22 · stopped1 day
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the Senate Feb 21 – Feb 22
- Feb 21Introduced and sent to Banking Committee
- Feb 22Heard in Banking Committee
All 2 actions, as published
- Feb 21REF. TO JOINT COMM. ONBoth houses
- Feb 22PUBLIC HEARINGBoth houses