LINE OF CRDT CANCLLATION FEE
Synopsis of Bill as introduced:
Amends the Interest Act. Provides that it is lawful to impose
upon a borrower a cancellation fee not exceeding $500 if the borrower
cancels a home equity line of credit.
FISCAL NOTE (Office of Banks & Real Estate)
There will be no fiscal impact.
STATE MANDATES FISCAL NOTE
Fails to create a State mandate.
HOUSING AFFORDABILITY IMPACT NOTE
No direct impact on the cost of a single-family residence.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status