Substitute for Raised H.B. No. 6995
Session Year 2019
 


AN ACT CONCERNING SHARED APPRECIATION AGREEMENTS AND CERTAIN START-UP COMPANIES ENGAGED IN THE ACTIVITY OF MONEY TRANSMISSION.

To (1) make shared appreciation agreements subject to the same licensing and regulatory compliance requirements as residential mortgage loans, and (2) permit a start-up company engaged in the activity of a money transmission to provide a statement of condition as part of licensure application in lieu of certain financial statements.

Introduced by:
Banking Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 4/1/2019(LCO)File Number 247
 4/1/2019House Calendar Number 165
 4/1/2019Favorable Report, Tabled for the Calendar, House
 4/1/2019(LCO)Reported Out of Legislative Commissioners' Office
 3/25/2019(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/01/19 10:00 AM
 3/14/2019(LCO)Filed with Legislative Commissioners' Office
 3/12/2019(BA)Joint Favorable Substitute
 2/1/2019Public Hearing 02/07
 1/31/2019Referred to Joint Committee on Banking

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