HB4630 HB&I AM 2-24 #1
The Committee on Banking and Insurance moves to amend the bill on page 2, section 8, line 6, by striking subsection (c) and inserting in lieu thereof the following:
"(c) Except as provided by section one hundred nine, article three, chapter forty-six-a of this code and by subsection (g) of this section, no additional charges may be made, nor may any charge permitted by this section be assessed unless the loan is made: Provided, That in the event the loan is not made, the licensee is not required to refund an appraisal fee that is collected from a loan applicant by the licensee and paid to an unrelated third-party appraiser unless the fee is required to be refunded pursuant to federal law."
Adopted
Rejected