2010 House Bill 6440

Withhold state deposits from banks that don’t do mortgage subsidy program

Introduced in the House

Sept. 15, 2010

Introduced by Rep. Tim Melton (D-29)

To prohibit state funds from being deposited in a bank that does not choose to participate in a government “help for hardest hit” program that gives subsidies to certain residential homeowners who have mortgages larger than they can afford.

Referred to the Committee on Banking and Financial Services