Bill Text | History of Actions | Background | Title |
Description: Residential loans; require lender to have proof that builder has license and workers' compensation insurance before making.
Bill Text: [Introduced]
| 1 | 01/09 (H) Referred To County Affairs;Judiciary A | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committees:
Principal Author: Lane*
Title: AN ACT TO PROVIDE THAT BEFORE ANY PERSON MAY MAKE A LOAN OR EXTEND CREDIT FOR THE PURPOSE OF RESIDENTIAL CONSTRUCTION OR IMPROVEMENT, THE LENDER SHALL REQUIRE THE BORROWER TO PROVIDE WRITTEN EVIDENCE THAT THE RESIDENTIAL BUILDER OR REMODELER HOLDS A VALID LICENSE OR IS EXEMPT FROM LICENSURE, AND HAS ANY REQUIRED WORKERS' COMPENSATION INSURANCE; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB0640.htm