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.