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HB264: prohibiting mortgage lenders from considering child support obligations as part of the mortgage application process.

Citation
2015 HB264
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Inexpedient to Legislate
Committee
HOUSE Commerce and Consumer Affairs
Hearing
02/05/2015 at 10:00 AM
Selected version
Current official bill text

Sponsors

Topics

Commerce and Consumer Affairs Children and family law

Official links

HB 264 – AS INTRODUCED

2015 SESSION

15-0396

05/09

HOUSE BILL 264

AN ACT prohibiting mortgage lenders from considering child support obligations as part of the mortgage application process.

SPONSORS: Rep. Oligny, Rock 34; Rep. DeLemus, Straf 11; Rep. Itse, Rock 10; Rep. Hoell, Merr 23; Rep. Hill, Merr 3; Rep. Ingbretson, Graf 15; Sen. Avard, Dist 12

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill prohibits mortgage lenders from considering child support obligations as part of the mortgage application process.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0396

05/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT prohibiting mortgage lenders from considering child support obligations as part of the mortgage application process.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Paragraph; Mortgage Bankers and Brokers; Lending Practices; Consideration Child Support. Amend RSA 397-A:14 by inserting after paragraph IV the following new paragraph:

V. No mortgage banker, mortgage broker, or mortgage originator shall consider, as part of a mortgage application, a borrower’s child support obligation in calculating the loan amount or otherwise determining the borrower’s ability to repay the loan.

2 Effective Date. This act shall take effect January 1, 2016.