House Bill 162
144th General Assembly (2007 - 2008)
House Economic Development/Banking & Insurance 5/9/07
The General Assembly has ended, the current status is the final status.
AN ACT TO AMEND TITLE 5 OF THE DELAWARE CODE RELATING TO PREDATORY MORTGAGE LENDING.
This bill creates the Delaware Predatory Mortgage Lending Prevention Act which prohibits unfair lending practices in relation to residential home loans, and provides civil and administrative enforcement procedures. This bill would protect the equity and property interests of Delaware’s home owners, provide needed consumer protections, and safeguard the economic vitality of our State.
Takes effect upon being signed into law