Bill Title: Amends the Residential Mortgage License Act of 1987, the High Risk Home Loan Act, and the Interest Act. Limits the imposition of prepayment penalties in connection with high risk home loans. Limits the size of balloon payments in connection with high risk home loans. Limits the imposition of late fees. Effective January 1, 2013.

Spectrum: Partisan Bill (Democrat 24-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB3522 Detail]

Text: Latest bill text (Amended) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Third Reading in House	2012-05-31	67	48	3	0	118	Passed	Link	View
Senate	Third Reading in Senate	2012-03-28	53	0	6	0	59	Passed	Link	View

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