Charitable Orgs. Privacy Protection Act.

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.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share