Consolidates licensing statutes for residential mortgages and makes conforming changes in the Deferred Presentment Service Transaction Act.
This bill consolidates certain licensing statutes related to residential mortgages and makes conforming changes in the Deferred Presentment Service Transaction Act. It amends the definitions of terms used in the act, including "applicant," "check," "deferred presentment service transaction," and "licensee." The bill also specifies conditions under which a deferred presentment service transaction is considered closed. The changes are contingent on the enactment of House Bill No. 6177.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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