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House Bill 1698


House Bill 1698

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Home loan protection. Transfers licensing and regulation of loan brokers to the department of financial institutions. Restricts certain lending acts and practices. Establishes the mortgage fraud unit under the attorney general. Increases mortgage recording and loan broker registration and renewal fees. Requires the housing finance authority to provide mortgage literacy training programs. Allocates increased revenue to the housing finance authority and the mortgage fraud unit.
Current Status:
 In Committee - first House
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