- Summary
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S08143 Summary:
BILL NO | S08143A |
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SAME AS | SAME AS A10817-A |
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SPONSOR | FARLEY |
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COSPNSR | PADAVAN, MALTESE, BONACIC, ROBACH, CONNOR, FLANAGAN, LARKIN, LAVALLE, LEIBELL, MORAHAN, RATH, SALAND, TRUNZO, VOLKER, FLANAGAN, LARKIN, LAVALLE, LEIBELL, MORAHAN |
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MLTSPNSR | |
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Amd SS1303 & 1302, add S1304, RPAP L; add R3408, CPLR; amd Bank L, generally; amd S5-501, Gen Ob L; add Art 187 SS187.00 - 187.25, amd S460.10, Pen L; amd S700.05, CP L; add S265-b, RP L | |
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Requires lender and mortgage loan servicers to give borrowers with high-cost home loans or higher-priced home loans notice before certain actions are taken; establishes all home loans shall be subject to certain standards and limitations; creates the crimes of residential mortgage fraud in the first, second, third, fourth and fifth degrees; relates to distressed property consulting contracts. |