Introduced by Rep. Barbara Farrah (D) on May 21, 2008, to establish sentencing guidelines for the crime proposed by Senate Bills 342 and 356 of a mortgage broker coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan.
Referred to the House Banking and Financial Services Committee on May 21, 2008.
Reported in the House on May 27, 2008, without amendment and with the recommendation that the bill pass.
Referred to the Senate Banking and Financial Institutions Committee on November 13, 2008.
Reported in the Senate on December 4, 2008, with the recommendation that the bill pass.
Passed in the Senate (33 to 0) on December 19, 2008, to establish sentencing guidelines for the crime proposed by Senate Bills 342 and 356 of a mortgage broker coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan. [Vote Details and Comments]