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House Bill 1655


House Bill 1655

ARCHIVE (2003)

Latest Information

 

DIGEST OF HB1655 (Updated April 14, 2003 2:13 PM - DI 84)


Financial institutions. Restricts certain lending acts and practices. Establishes the mortgage fraud unit under the attorney general. Increases the bond requirements and certain fees for loan brokers. Provides that the securities commissioner may issue certain remedial orders against loan brokers. Allocates fee revenue to the housing finance authority and the mortgage fraud unit for education and enforcement activities. Appropriates seventy-five thousand dollars to conduct a study of mortgage foreclosure rates in Indiana. Provides limits on assignee liability.
Current Status:
 In Conference Committee
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