2007 Senate Bill 384

Allow fee for electronic payment of home equity loan

Introduced in the Senate

March 28, 2007

Introduced by Sen. Randy Richardville (R-17)

To allow lenders to charge a service fee for authorizing electronic debit or withdrawal from a bank account for payments on a home equity loan. The bill amends the state laws that limits the kinds of fees that can be charged on this type of loan.

Referred to the Committee on Banking and Financial Institutions