2008 House Bill 2770 (homeownership security task force recommendations)

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• Introduced by Rep. Phyllis Kenney, (D) on January 16, 2008, to implement the Governor’s homeownership security task force recommendations regarding responsible mortgage lending.
  • Referred to the House Insurance, Financial Services, and Consumer Protection Committee on January 16, 2008.
    • Substitute offered in the House on January 29, 2008, to require a disclosure summary of all material terms for a residential mortgage loan to be on a separate sheet of paper and given to the borrower. This act also prohibits prepayment penalties or negative amortization on residential mortgages. The substitute passed in the House by voice vote on January 29, 2008.
• Passed in the House (92 to 0) on February 6, 2008. [Vote Details and Comments]
• Received in the Senate on February 7, 2008.
  • Referred to the Senate Financial Institutions & Insurance Committee on February 7, 2008.
  • Referred to the Senate Rules Committee on February 28, 2008.
• Passed in the Senate (47 to 0) on March 6, 2008. [Vote Details and Comments]
• Signed by Gov. Christine Gregoire on March 21, 2008.

Comments

Introduced by Rep. Phyllis Kenney, (D) on January 16, 2008. Passed in the House (92 to 0) on February 6, 2008. New Comment