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IntroducedFeb 22, 2024
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Passed Senate
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Passed House
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Signed into Law
AN ACT CONCERNING CONSUMER CREDIT. To: (1) Require cancellations of surety bonds filed in connection with mortgage lender, mortgage correspondent lender, mortgage broker, money transmission, debt adjustment, debt negotiation, mortgage servicer and consumer collection agency licenses to be submitted electronically; (2) revise procedures regarding changes to the legal names of mortgage lender, mortgage correspondent lender, mortgage broker, money transmission, debt adjustment, debt negotiation, mortgage servicer and consumer collection agency licensees; (3) redefine "sales finance company"; (4) establish procedures for registering as an exempt mortgage servicer; (5) define "balance due under the contract"; (6) establish limitations on actual and reasonable expenses in repossessions; (7) establish requirements regarding private student education loan cosigner releases; (8) establish enforcement authority regarding registrants; (9) prohibit receiving fees in connection with small loans without a license; (10) redefine "mortgage servicer"; (11) redefine "servicing"; and (12) establish requirements regarding timelines and fees for registrants that are exempt from licensing as a mortgage lender, mortgage correspondent lender or mortgage broker.
Last Action See all actions
Senate • Mar 01, 2024: Public Hearing 03/05
Latest Bill Text See all bill texts
Official Summary/Bill Text
Comments on SB 187
Tweets
Whip Lists
Sponsors
- Banking Committee
Votes
Actions
- Mar 01, 2024 | Senate
- Public Hearing 03/05
- Feb 22, 2024 | Senate
- Referred to Joint Committee on Banking
Bill Texts
Documents