Legislative Session number- 85

Bill Name: HF3236

HF 3236

FIRST ENGROSSMENT

Deed, rates of interest, and mortgage contracts
regulated, borrower's ability to repay verification provided, and mortgage
broker's failure to comply penalties and remedies provided.

Section 1:
Definitions are modified.

Section 2: Generally language is modified.

Section
3: Remedies language is modified.

Section 4: Private attorney general statute
language is modified.

Section 5: Contracts of $100,000 or more language is
modified.

Section 6: Effective dates are provided.

SNA 3/19/08