WV SB285 | 2015 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Engrossed on February 24 2015 - 50% progression, died in committee
Action: 2015-02-24 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Engrossed on February 24 2015 - 50% progression, died in committee
Action: 2015-02-24 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
The purpose of this bill is to include consumer credit sales that are secured by a mortgage, deed of trust or other security interest on a dwelling or residential real estate in the definitions of "primary mortgage loan" and "subordinate mortgage loan";and to extend the prohibition on loans greater than one hundred percent LTV for loan modifications done through government programs to coincide with the termination of the government funded programs and apply the same exception to loans with balloon payments.
Title
Relating to primary and subordinate mortgage loans
Sponsors
| Sen. David Nohe [R] | Sen. Ed Gaunch [R] | Sen. Robert Plymale [D] |
Roll Calls
2015-02-24 - Senate - Passed Senate (Roll No. 5) (Y: 28 N: 5 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-02-24 | House | To House Banking and Insurance |
| 2015-02-24 | House | To Banking and Insurance then Judiciary |
| 2015-02-24 | House | Introduced in House |
| 2015-02-24 | Senate | Ordered to House |
| 2015-02-24 | Senate | Judiciary Title amendment adopted |
| 2015-02-24 | Senate | Banking and Insurance Title amendment withdrawn (Voice vote) |
| 2015-02-24 | Senate | Passed Senate (Roll No. 5) |
| 2015-02-24 | Senate | Read 3rd time |
| 2015-02-24 | Senate | On 3rd reading |
| 2015-02-23 | Senate | Committee amendments adopted (Voice vote) |
| 2015-02-23 | Senate | Read 2nd time |
| 2015-02-23 | Senate | On 2nd reading |
| 2015-02-20 | Senate | Read 1st time |
| 2015-02-20 | Senate | On 1st reading |
| 2015-02-19 | Senate | Reported do pass, with title amendment |
| 2015-02-03 | Senate | To Judiciary |
| 2015-02-03 | Senate | Reported do pass with amends and title amend; but first to Judiciary |
| 2015-01-22 | Senate | To Banking and Insurance |
| 2015-01-22 | Senate | Introduced in Senate |
| 2015-01-22 | Senate | To Banking and Insurance then Judiciary |
| 2015-01-22 | Senate | Filed for introduction |
Same As/Similar To
HB2223 (Same As) 2015-03-02 - To Finance
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 31 | 17 | 1 | Amended Code | Citation Text |
| 31 | 17 | 8 | Amended Code | Citation Text |
