Substitute for Raised H.B. No. 5577
Session Year 2008
 


AN ACT CONCERNING RESPONSIBLE LENDING AND ECONOMIC SECURITY.

To create and fund a multitiered mortgage assistance program within the Department of Economic and Community Development; to create a right to appeal to the Banking Commissioner for a six-month moratorium on bank action; to prohibit certain lending and brokering practices; to prohibit influence of appraisals; to establish on-line continuing education requirements for certain entities in the mortgage lending industry; to permit tenants to terminate leases on foreclosed homes; to provide for court appointment of counsel in a foreclosure action; to establish a Mortgage Crisis Job Training Team within CTWorks One Stop Career Centers; and to increase surety bond requirements for mortgage lenders and brokers.

Introduced by:
Banking Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 6/12/2008Signed by the Governor
 5/29/2008Transmitted to the Secretary of State
 5/27/2008(LCO)Public Act 08-176
 5/7/2008In Concurrence
 5/7/2008Senate Passed as Amended by House Amendment Schedule A
 5/7/2008Senate Adopted House Amendment Schedule A
 5/5/2008Senate Calendar Number 549
 5/5/2008Favorable Report, Tabled for the Calendar, Senate
 5/5/2008Transmitted Pursuant to the Joint Rules
 5/5/2008House Passed as Amended by House Amendment Schedule A
 5/5/2008House Adopted House Amendment Schedule A 5938
 4/22/2008Tabled for the Calendar, House
 4/22/2008No New File by Committee on Finance, Revenue and Bonding
 4/22/2008(LCO)Reported Out of Legislative Commissioners' Office
 4/22/2008(LCO)Filed with Legislative Commissioners' Office
 4/22/2008(FIN)Joint Favorable
 4/15/2008Referred by House to Committee on Finance, Revenue and Bonding
 4/14/2008Tabled for the Calendar, House
 4/14/2008No New File by Committee on Judiciary
 4/14/2008(LCO)Reported Out of Legislative Commissioners' Office
 4/11/2008(LCO)Filed with Legislative Commissioners' Office
 4/11/2008(JUD)Joint Favorable
 4/3/2008Referred by House to Committee on Judiciary
 3/20/2008(LCO)File Number 114
 3/20/2008House Calendar Number 70
 3/20/2008Favorable Report, Tabled for the Calendar, House
 3/20/2008(LCO)Reported Out of Legislative Commissioners' Office
 3/14/2008(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/19/08 5:00 PM
 3/5/2008(LCO)Filed with Legislative Commissioners' Office
 3/4/2008(BA)Joint Favorable Substitute
 2/22/2008Public Hearing 02/28
 2/21/2008Referred to Joint Committee on Banking

Co-sponsors of HB-5577

Rep. Minnie Gonzalez, 3rd Dist.
Rep. Beth Bye, 19th Dist.
Sen. Gary D. LeBeau, 3rd Dist.
Rep. Christopher L. Caruso, 126th Dist.
Rep. Elissa T. Wright, 41st Dist.
Rep. David McCluskey, 20th Dist.
Rep. Andrew M. Fleischmann, 18th Dist.
Rep. Patricia A. Dillon, 92nd Dist.
Rep. Patricia M. Widlitz, 98th Dist.
Rep. Terry Backer, 121st Dist.
Rep. Emil Altobello, 82nd Dist.
Rep. Sandy H. Nafis, 27th Dist.
Rep. Andres Ayala, 128th Dist.
Rep. Bruce V. Morris, 140th Dist.
Rep. Joseph S. Mioli, 136th Dist.
Rep. Larry B. Butler, 72nd Dist.
Rep. Carlo Leone, 148th Dist.
Rep. Gail K. Hamm, 34th Dist.
Rep. Felipe Reinoso, 130th Dist.
Rep. Bruce Zalaski, 81st Dist.
Sen. Mary Ann Handley, 4th Dist.
Sen. Joseph J. Crisco, 17th Dist.
Sen. Joan V. Hartley, 15th Dist.
Sen. John W. Fonfara, 1st Dist.
Sen. Andrew J. McDonald, 27th Dist.
Sen. Paul R. Doyle, 9th Dist.
Sen. Thomas A. Colapietro, 31st Dist.
Sen. Andrea L. Stillman, 20th Dist.
Sen. Eric D. Coleman, 2nd Dist.
Sen. Donald E. Williams, 29th Dist.
Sen. Toni Nathaniel Harp, 10th Dist.
Sen. Edward Meyer, 12th Dist.
Sen. Martin M. Looney, 11th Dist.

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