SB 882

RELATING TO THE PRESERVATION OF AFFORDABLE HOUSING

By Senator(s) TAM

Report Title: Mortgage Loan Balance

Description: Prohibits financial institutions from requiring a mortgagor to pay down the mortgage loan balance when real estate values decline below that required by underwriting guidelines.

 1-22-99        S Introduced and passed First Reading                         
 1-25-99        S Referred to CPN