Amends the Secondary Mortgage Loan Act to revise the deposit of certain fees and penalties.
This bill amends the Secondary Mortgage Loan Act to revise the deposit of certain fees and penalties. It specifies that fees and penalties must be deposited in the MBLSLA fund. It also outlines penalties for failure to pay fees on time and for submitting false statements in required reports. The bill includes provisions for annual operating fees, late fees, and penalties for non-compliance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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