2007 Senate Bill 833 ↩

House Roll Call 43: Passed

To increase from $5,000 to $15,000 the monetary penalty and reduce the maximum term of imprisonment from three years to one year for violations of the state mortgage brokers, lenders, and servicers licensing act, and extend the penalty to acting as a loan officer without a license. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310 and Senate Bills 826 to 833.