What changed in SF 567
The bill as introduced, compared with the version both chambers passed (89th General Assembly).
It passed exactly as introduced.
Removed AddedIntroduced textText as passedAmendments
Section 1. Section 535.8, subsection 2, Code 2021, is amended to read as follows:
2. If a lender that is a financial institution as defined in section 537.1301 or a mortgage banker licensed or registered pursuant to chapter 535B makes a loan in which the points and fees the borrower is charged by all lenders in connection with the loan do not exceed the amounts specified in 12 C.F.R. §1026.43(e)(3), the loan shall not be subject to the provisions of subsection 4, paragraphs “a”, “b”, and “d”, or subsection 5. This subsection applies to the financial institution lender that originates the loan and to subsequent purchasers of the loan originated by the financial institution.