Passed Both ChambersFiled Mar 25, 2025
Sponsor: Dave Craven (R)
Latest Action
Ref To Com On Rules and Operations of the Senate
Jul 1, 2026
Summary
The bill limits the fees and discounts lenders can charge on loans secured by a second or junior lien on real property. It sets a 2% ceiling on those fees, and requires that the total points and fees from all lenders not exceed the lower of the federal limit in 12 C.F.R. §1026.43(e)(3) or 3% of the loan amount. The goal is to protect borrowers and align state rules with federal qualified‑mortgage guidelines.
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