Summary as passed: (all summaries) Wet settlement act; lender's disclosure of appraisal information. Requires any lender providing a loan secured by a first mortgage on real estate containing not more than four residential dwelling units to disclose on the settlement statement any fee charged to the borrower for an appraisal and any fee charged to the borrower for a valuation or opinion of value prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser. Full text: 01/07/08 Senate: Prefiled and ordered printed; offered 01/09/08 088621273 (impact statement) 01/21/08 Senate: Committee substitute printed 080146273-S1 (impact statement) 02/27/08 Senate: Bill text as passed Senate and House (SB158ER) (impact statement) 03/14/08 Governor: Acts of Assembly Chapter text (CHAP0400) Amendments: House amendments House amendments engrossed Status: 01/07/08 Senate: Prefiled and ordered printed; offered 01/09/08 088621273 01/07/08 Senate: Referred to Committee on Commerce and Labor 01/21/08 Senate: Reported from Commerce and Labor with substitute (14-Y 1-N) 01/21/08 Senate: Committee substitute printed 080146273-S1 01/23/08 Senate: Constitutional reading dispensed (40-Y 0-N) 01/24/08 Senate: Read second time 01/24/08 Senate: Reading of substitute waived 01/24/08 Senate: Committee substitute agreed to 080146273-S1 01/24/08 Senate: Engrossed by Senate - committee substitute SB158S1 01/25/08 Senate: Passed by for the day 01/28/08 Senate: Read third time and passed Senate (40-Y 0-N) 01/28/08 Senate: Communicated to House 02/12/08 House: Placed on Calendar 02/12/08 House: Read first time 02/12/08 House: Referred to Committee on Commerce and Labor 02/19/08 House: Reported from Commerce and Labor with amendment (22-Y 0-N) 02/21/08 House: Read second time 02/22/08 House: Read third time 02/22/08 House: Committee amendment agreed to 02/22/08 House: Engrossed by House as amended 02/22/08 House: Passed House with amendment BLOCK VOTE (94-Y 0-N) 02/22/08 House: VOTE: BLOCK VOTE PASSAGE (94-Y 0-N) 02/26/08 Senate: House amendment agreed to by Senate (39-Y 1-N) 02/27/08 Senate: Enrolled 02/27/08 Senate: Bill text as passed Senate and House (SB158ER) 02/27/08 House: Signed by Speaker 02/28/08 Senate: Signed by President 03/05/08 Governor: Approved by Governor-Chapter 400 (effective 7/1/08) 03/14/08 Governor: Acts of Assembly Chapter text (CHAP0400) |