Bills › 90th General Assembly
HSB 584
Where it is now
- Done: IntroducedJanuary 18, 2024
- Done: SubcommitteeJanuary 18, 2024
- Done: House committeeJanuary 30, 2024
- Skipped: Passes the HouseContinued as HF 2266
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2266 → Its progress continues under the new number. Go to HF 2266 What’s a funnel?
What’s in it
AI summary Mortgage bankers currently follow certain rules regarding the fees and points they charge people when making loans. This change would mean that loans meeting specific federal fee limits would also be exempt from an additional state rule. This affects how mortgage bankers are regulated when they charge these types of fees.1
Read the official explanation
This bill relates to points and fees charged on loans by mortgage bankers. Under current law, if a lender that is a mortgage banker 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 C.F.R. §1026.43(e)(3), the loan shall not be subject to the provisions of Code section 535.8(5). Under the bill, the loan shall also not be subject to Code section 535.8(4)(a).
House subcommittee
Named January 18, 2024. On January 23, 2024 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly