Georgia House Bill 264 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 3 2009 - 25% progression, died in committee
Action: 2009-02-04 - House Second Readers
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

A BILL to be entitled an Act to amend Article 1 of Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to conveyances to secure debt in general, so as to revise provisions relating to regulation of security conveyances; to repeal certain obsolete provisions relating to due on sale clauses which have been preempted by federal law; to provide certain new regulations with respect to certain residential mortgages and deeds to secure debt; to prohibit prepayment penalties, negative amortization, and yield spread compensation of loan originators; to require loan originators to verify ability to repay; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Conveyances; regulation of security conveyances; revise; provisions

Rep. Jeff May [R]

Date	Chamber	Action
2009-02-04		House Second Readers
2009-02-03		House First Readers

Type	Source
Summary	https://www.legis.ga.gov/legislation/26517
Text	http://www1.legis.ga.gov/legis/2009_10/versions/hb264_LC_14_9930_a_2.htm