To establish that a purchaser or assignee of a high-cost (subprime) home loan can be sued by a borrower for violations of the state subprime mortgage regulations in the same way that the orignal lender could be sued. The bill defines allowable damages and establishes actions that may limit the loan-holder's liability. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310.
| 72 Yeas / 37 Nays | |
|---|---|
| Excused or Not Voting (1) | |
|---|---|
