A bill to provide that State law shall apply to the enforcement of due-on-sale clauses by national banks.

Summary

Declares that, after the date of the enactment of this Act, State law shall apply to the enforcement of any due-on-sale clause, or any other similar provision, contained in: (1) any mortgage which secures sums borrowed from a national bank; or (2) any promissory note which serves as evidence of sums borrowed from a national bank.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 October 1981

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 7 October 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 October 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 November 1981

   Referred

   Referred to Subcommittee on Consumer Affairs and Coinage.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 7 October 1981

  Open at official source

Sponsors

• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Pepper, Claude [D-FL-18] · D · Sponsor
• Rep. Murphy, Austin J. [D-PA-20] · D · Sponsor
• Rep. Hutto, Earl [D-FL-1] · D · Sponsor
• Rep. Gibbons, Sam [D-FL-11] · D · Sponsor
• Rep. Lehman, William [D-FL-17] · D · Sponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Cosponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Cosponsor
• Del. Won Pat, Antonio B. [D-GU-At Large] · D · Cosponsor
• Rep. Edwards, Don [D-CA-10] · D · Cosponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Cosponsor
• Rescom. Corrada, Baltasar [I-PR-At Large] · I · Cosponsor
• · hsba00 · Standing

Related records

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