HF 1004

SECOND ENGROSSMENT

Predatory mortgage lending practices prohibited.

Section 1: "Fully indexed rate" definition provided.

Section 2: General language modified.

Section 3: Financed interest, points, finance charges, fees and other charges language modified.

Section 4: Disclosure requirements for certain residential mortgage originators language modified.

Section 5: Compliance language added.

Section 6: Mortgage broker duties of agency language provided.

JAJ 3/28/7