SB 551 (1994): requiring a lending institution to notify the mortgagor or obligor prior to selling a mortgage or note on a consumer loan.

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@misc{bill-1994-sb551, title = {SB 551 (1994): requiring a lending institution to notify the mortgagor or obligor prior to selling a mortgage or note on a consumer loan.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb551}, note = {Accessed 24 Oct. 2026} }

SB 551 (1994)

requiring a lending institution to notify the mortgagor or obligor prior to selling a mortgage or note on a consumer loan.

  • Status: Referred for interim study
  • Term: 1993-1994
  • Senate committee: Banks
  • Subject: Miscellaneous

The Story

It was introduced on January 5, 1994 and referred to the Senate Banks committee. The committee held a public hearing on February 2, 1994. The committee recommended that the Senate study it after the session ends. On February 16, 1994 the Senate voted to study it after the session ends on a voice vote.

Sponsors

  • Sen. Lamirande (SD1) (prime sponsor)

Hearings and Sessions

  • February 2, 1994, 1:30 PM: hearing, Senate Banks, RM103,LOB

Votes

  • February 16, 1994, Senate: Refer for Interim Study — voice vote, passed

The Docket

  • January 5, 1994: INTRODUCED AND REF TO BANKS; SJ1,P9
  • February 2, 1994: HEARING FEB02 01:30 RM103,LOB FOR: BANKS
  • February 15, 1994: COMM REPORT REF FOR STUDY FEB16
  • February 16, 1994: REFERRED TO INTERIM STUDY VV; SJ7,P139

Laws It Would Change

From the General Court