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