HB 446 – Establishes that real estate loans shall be governed only by state and federal law

• Sponsor: Cunningham
• LR Number: 1440H.02T
• Committee: Financial and Governmental Organizations and Elections
• Last Action: 7/14/2013 - Governor took no action, sent to Secretary of State/Article III, Sec. 31
• Title: HCS HBs 446 & 211
• Effective Date: August 28, 2013
• House Handler: Diehl, Jr.

Current Bill Summary

HCS/HBs 446 & 211 - This act establishes that the enforcement and servicing of secured real estate loans shall be governed only by state and federal law. Local laws may not affect any rights, or obligations of or impose fees related to such loan agreement.

This act is identical to SB 343 (2013).

CHRIS HOGERTY