90th General Assembly
Summary of SB1380
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Senate Sponsors:

House Sponsors:

Short description: 
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

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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