Under existing law, there is no provision for a closing fee payable to banks and financial institutions on small loans of less than one thousand five hundred dollars ($1,500)
This bill would authorize banks and financial institutions to charge a closing fee in a limited amount on small loans, subject to partial refund upon prepayment of the loan
Relating to banking and financial institutions; to authorize limited closing fees on certain small loans.
|April 6, 2022||S||Indefinitely Postponed|
|March 9, 2022||S||Read for the second time and placed on the calendar|
|February 23, 2022||S||Read for the first time and referred to the Senate committee on Banking and Insurance|
|Hearing||March 9, 2022||Room 320 **BILL ADDED** at 13:00||Senate B&I Hearing|