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House committee votes to refer mortgage loss‑guarantee bill to housing committee

2239075 · February 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House Committee on Commerce and Consumer Protection opened a work session Feb. 4 on House Bill 3,188, which would direct the Department of Consumer and Business Services to establish a program to guarantee lenders against losses on mortgage loans extended to first‑time home buyers.

The House Committee on Commerce and Consumer Protection opened a work session Feb. 4 on House Bill 3,188, which would direct the Department of Consumer and Business Services to establish a program to guarantee lenders against losses on mortgage loans extended to first‑time home buyers.

Representative Nathan Sosa, chair of the committee, described the bill in brief before members moved to refer it. "Directs the Department of Consumer Business Services to establish a program to guarantee against…

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