Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB1844 by Kuempel (Relating to a lender's refusal to make certain loans secured by real property.), As Introduced
No fiscal implication to the State is anticipated.
The bill would prohibit a lender from refusing to make a loan secured by a parcel of property located in a county with a population of less than 7,500 based solely on inaccessability to the property by a public road without going through other parcels of land not owned by the borrower.
Local Government Impact
No fiscal implication to units of local government is anticipated.