HB 1320 (2004): making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans.

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“HB 1320 (2004): making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans.” Granite Record, https://graniterecord.org/bill/2004/hb1320. Accessed 24 Oct. 2026.
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Granite Record. (n.d.). HB 1320 (2004): making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2004/hb1320
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Granite Record. “HB 1320 (2004): making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2004/hb1320.
BibTeX
@misc{bill-2004-hb1320, title = {HB 1320 (2004): making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2004/hb1320}, note = {Accessed 24 Oct. 2026} }

HB 1320 (2004)

making changes in the laws relative to retail installment sales, first mortgage bankers and brokers, mortgage loan servicers, second mortgage home loans, and the regulation of small loans.

  • Status: Signed into law
  • Term: 2003-2004
  • House committee: Commerce
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 139

The Story

It was introduced on September 4, 2003 and referred to the House Commerce committee. The committee held a public hearing on January 6, 2004. The committee held work sessions on February 10, 2004, February 17, 2004, February 18, 2004 and March 2, 2004. The majority of the committee recommended that the House pass it with changes unanimously, 12–0, and the report was placed on the consent calendar. On March 11, 2004 the House voted to pass it with changes. It crossed to the Senate on March 17, 2004 and was referred to the Senate Banks committee. The committee held a public hearing on April 6, 2004. The committee recommended that the Senate pass it. On April 22, 2004 the Senate voted to pass it on a voice vote and ordered it to a third reading. On April 22, 2004 the Senate voted to pass it. The bill was enrolled on May 13, 2004 — the final check of the text before it goes to the governor — and an enrolled bill amendment (1488) was adopted to correct technical errors found after passage. The bill was enrolled on May 18, 2004 — the final check of the text before it goes to the governor. The governor signed it on May 24, 2004, making it Chapter 139 of the session laws. It took effect on July 23, 2004.

Sponsors

Hearings and Sessions

  • January 6, 2004, 11:00 AM: hearing, House Commerce, RM302,LOB
  • February 10, 2004, 11:00 AM: subcommittee work session, House Commerce, RM302,LOB <Rep Fraser>
  • February 17, 2004, 8:30 AM: subcommittee work session, House Commerce, RM302,LOB <Rep Fraser>
  • February 18, 2004, 2:15 PM: subcommittee work session, House Commerce, RM302,LOB <Rep Spiess>
  • March 2, 2004, 1:00 PM: subcommittee work session, House Commerce, RM302,LOB
  • April 6, 2004, 1:15 PM: hearing, Senate Banks, SH 103

Votes

  • April 22, 2004, Senate: Ought to Pass — voice vote, passed

The Docket

  • September 4, 2003: Introduced and ref to Commerce
  • January 6, 2004: Hearing Jan 6 11:00 RM302,LOB
  • February 10, 2004: Subcommittee Work Session Feb 10 11:00 RM302,LOB <Rep Fraser>
  • February 17, 2004: Subcommittee Work Session Feb 17 8:30 RM302,LOB <Rep Fraser>
  • February 18, 2004: Subcommittee Work Session Feb 18 2:15 RM302,LOB <Rep Spiess>
  • March 2, 2004: Subcommittee Work Session Mar 2 1:00 RM302,LOB
  • March 2, 2004: Maj Report OTP/AM for Mar 11 (vote 12-0;CC)
  • March 2, 2004: Prop Comm Am{0609}
  • March 11, 2004: Passed with Am
  • March 17, 2004: Introduced and Referred to Banks
  • April 6, 2004: Hearing; April 6, 2004, Room 103, SH, 1:15 p.m.; SC14
  • April 8, 2004: Committee Report; Ought to Pass [04/22/04]; SC16
  • April 22, 2004: Ought to Pass, MA, VV; OT3rdg
  • April 22, 2004: Passed by 3rd Reading Resolution
  • May 6, 2004: Enrolled Bill Amendment{1488}, Adopted
  • May 13, 2004: Enrolled Amendment{1488}, AA VV
  • May 13, 2004: Enrolled
  • May 18, 2004: Enrolled [05/06/04]
  • May 24, 2004: Signed by the Governor on 5/24/2004 Eff: 7/23/2004 Chap: 0139

Laws It Would Change

From the General Court