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House accepts amendment to Mortgage Practices Act language, circles bill for further review

Utah House of Representatives · January 21, 2002

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Summary

Lawmakers accepted an amendment to the Mortgage Practices Act to clarify rule-making authority recommended by the Department of Financial Institutions and circled House Bill 23 for additional consideration; staff agreed to a grammatical correction and proponents said the change protects consumers from unconscionable lending practices.

During floor discussion on Jan. 21, the House accepted an amendment to House Bill 23 — which refines the Mortgage Practices Act — and then voted to 'circle' the bill to allow further consideration. Representative Adair introduced the amendment and moved that it be adopted; Representative Vadair (identified in…

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