Mike Morrell
- Republican
Author
Existing law requires a creditor to make certain disclosures to a consumer applying for a home equity loan, as defined. Under existing law, upon receipt of a specified written request from a borrower, the lender must suspend the borrower's equity line of credit for a minimum of 30 days. Upon receipt of both that request and a specified payment, existing law requires a lender to close the borrower's equity line of credit and release or reconvey the property secured by the line of credit, as specified. Existing law provides for the repeal of these equity line of credit suspension and closure provisions on July 1, 2019. This bill would extend the operation of those provisions indefinitely.
Chaptered by Secretary of State. Chapter 90, Statutes of 2018.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 75. Noes 0. Page 5978.) Ordered to the Senate.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0.) (June 18).
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 5011.) Ordered to the Assembly.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4915.) (May 1).
Set for hearing May 1.
From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 4532.) (April 4). Re-referred to Com. on JUD.
Set for hearing April 4.
Withdrawn from committee.
Referred to Coms. on I., B. & F.I. and JUD.
From printer. May be acted upon on or after March 16.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1139 | HTML |
| 02/13/18 - Introduced | |
| 06/27/18 - Enrolled | |
| 07/09/18 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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