Bills › 90th General Assembly
SSB 3077
Where it is now
- Done: IntroducedJanuary 17, 2024
- Done: SubcommitteeJanuary 17, 2024
- Done: Senate committeeFebruary 8, 2024
- Skipped: Passes the SenateContinued as SF 2287
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2287 → Its progress continues under the new number. Go to SF 2287 What’s a funnel?
What’s in it
AI summary Mortgage bankers currently follow certain rules regarding the points and fees they charge people on loans. This bill changes which specific state laws apply to those loans when the fees stay within federal limits. It affects how mortgage bankers are regulated when they issue these types of loans.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).
Senate subcommittee
Named January 17, 2024. On February 1, 2024 it recommended passage. [].
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