SB 98 (1993): relative to fees charged for processing and approval of residential mortgage loan applications.

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@misc{bill-1993-sb98, title = {SB 98 (1993): relative to fees charged for processing and approval of residential mortgage loan applications.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1993/sb98}, note = {Accessed 24 Oct. 2026} }

SB 98 (1993)

relative to fees charged for processing and approval of residential mortgage loan applications.

  • Status: Signed into law
  • Term: 1993-1994
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 110

The Story

It was introduced on January 7, 1993 and referred to the Senate Banks committee. The committee held a public hearing on February 3, 1993. The committee recommended that the Senate pass it with changes. On March 4, 1993 the Senate voted to pass it with changes on a voice vote. It crossed to the House on March 17, 1993 and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on March 25, 1993. The committee held work sessions on March 31, 1993 and April 6, 1993. The majority of the committee recommended that the House pass it with changes unanimously, 11–0, and the report was placed on the consent calendar. On April 13, 1993 the House voted to pass it with changes. On April 15, 1993 the Senate voted to agree to the other chamber's changes on a voice vote. The bill was enrolled on April 29, 1993 — the final check of the text before it goes to the governor. The governor signed it on May 4, 1993, making it Chapter 110 of the session laws. It took effect on January 1, 1994.

Sponsors

  • Sen. W. King (SD2) (prime sponsor)
  • Sen. Fraser (SD4)
  • Sen. Cohen (SD24)
  • Sen. J. King (SD18)

Hearings and Sessions

  • February 3, 1993, 3:15 PM: hearing, Senate Banks, RM103,LOB
  • March 25, 1993, 11:00 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • March 31, 1993, 9:00 AM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 6, 1993, 2:45 PM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB

Votes

  • March 4, 1993, Senate: Ought to Pass with Amendment — voice vote, passed
  • April 15, 1993, Senate: Concur — voice vote, passed

The Docket

  • January 7, 1993: INTRODUCED AND REF TO BANKS; SJ2,P27
  • February 3, 1993: HEARING FEB03 03:15 RM103,LOB FOR: BANKS
  • March 3, 1993: COMM REPORT OTP/AM MAR04
  • March 4, 1993: PROP COMM AM<1765>; SC16,P5
  • March 4, 1993: COMM AM, AA VV; PASSED WITH AM VV; SJ8,P139 + 198
  • March 17, 1993: INTRODUCED AND REF TO COMMERCE; HJ41,P991
  • March 17, 1993: IN SEAT POCKET ON 03/16/93 DUE ON 04/20/93
  • March 25, 1993: HEARING MAR25 11:00 RM207,LOB FOR: COMMERCE
  • March 31, 1993: SUBCOM WORK SESSION MAR31 09:00 RM207,LOB FOR: COMMERCE
  • April 6, 1993: SUBCOM WORK SESSION APR06 02:45 RM207,LOB FOR: COMMERCE
  • April 9, 1993: MAJ REPORT OTP/AM FOR APR13 (VOTE 11-0;CC)
  • April 9, 1993: PROP COMM AM <2252>; HC51,P1244-1245
  • April 13, 1993: PASSED WITH AM; HJ56,P1379 + 1394
  • April 15, 1993: SEN CONC WITH HOUSE AM, SEN FRASER MA VV; SJ14,P266
  • April 27, 1993: ENROLLED; SJ16,P302
  • April 29, 1993: ENROLLED; HJ64,P1577
  • May 4, 1993: SIGNED BY GOVERNOR 05/04/93 EFF: 01/01/94 CHAP.0110

Laws It Would Change

From the General Court