SB 882

RELATING TO THE PRESERVATION OF AFFORDABLE HOUSING

By Senator(s) TAM

Keywords: BANKS AND BANKING, CREDIT UNIONS, FINANCIAL INSTITUTIONS, FINANCIAL SERVICES LOAN COMPANIES, MORTGAGES, SAVINGS AND LOAN ASSOCIATIONS

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                                          
 1-19-00        S Carried over to 2000 Regular Session.