Connecticut 2018 Regular Session Status: Enacted Bipartisan · 4 D · 2 R cosponsors

SB 150 — AN ACT PROVIDING PROTECTIONS FOR CONSUMERS APPLYING FOR REVERSE MORTGAGES.

Last action — SIGNED BY GOVERNOR

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 16, 2018. Enacted.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 16 sponsors

    16 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 D · 2 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

6 added · 11 removed

Plain-language change summary

The amended version of the bill changes the requirement for providing a list of independent housing counseling agencies from "at least five" to a broader inclusion of "a list of independent housing counseling agencies and intermediaries." This matters because it potentially allows for a more flexible number of agencies to be provided to prospective applicants, which could result in improved access to counseling resources when applying for a reverse annuity mortgage loan.

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General Assembly   Raised Bill No.
General Assembly   Substitute Bill No.
150 February Session, 2018   LCO No.
150 February Session, 2018   *_____SB00150AGE___031518____* AN ACT PROVIDING PROTECTIONS FOR CONSUMERS APPLYING FOR REVERSE MORTGAGES.
952   *00952_______AGE* Referred to Committee on AGING   Introduced by:
  (AGE)   AN ACT PROVIDING PROTECTIONS FOR CONSUMERS APPLYING FOR REVERSE MORTGAGES.
(NEW) (Effective October 1, 2018) (a) No entity, including, but not limited to, any state or federally chartered bank, or any state or federally chartered credit union, shall accept a final and complete application for a reverse annuity mortgage loan, as defined in section 36a-265 of the general statutes, or assess any fees for such mortgage, unless such entity has:
(NEW) (Effective October 1, 2018) (a) No entity, including, but not limited to, any state or federally chartered bank or state or federally chartered credit union, shall accept a final and complete application for a reverse annuity mortgage loan, as defined in section 36a-265 of the general statutes, or assess any fees for such mortgage, unless such entity has:
(1) (A) Informed the prospective applicant of the counseling requirement as described in subdivision (2) of this subsection, and (B) provided the prospective applicant with a list of at least five independent housing counseling agencies approved by the United States Department of Housing and Urban Development to engage in reverse annuity mortgage loan counseling, as provided in 24 CFR 206.300 et seq., as amended from time to time;
(1) (A) Informed the prospective applicant of the counseling requirement as described in subdivision (2) of this subsection, and (B) provided the prospective applicant with a list of independent housing counseling agencies and intermediaries approved by the United States Department of Housing and Urban Development to engage in reverse annuity mortgage loan counseling, in accordance with 24 CFR 206.300 et seq., as amended from time to time;
Section 1 October 1, 2018 New section Statement of Purpose:
Section 1 October 1, 2018 New section AGE Joint Favorable Subst.
To provide additional protections for consumers applying for reverse mortgages.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
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Action History

  1. SIGNED BY GOVERNOR

  2. TRANSMITTED BY SECRETARY OF THE STATE TO GOVERNOR

  3. TRANSMITTED TO SECRETARY OF THE STATE

  4. PUBLIC ACT 18-38

  5. IN CONCURRENCE

  6. HOUSE PASSED

  7. HOUSE CALENDAR NUMBER 448

  8. FAV. RPT., TABLED FOR HOUSE CALENDER

  9. ON CONSENT CALENDAR

  10. SENATE PASSED

  11. FILE NO. 153

  12. SENATE CALENDAR NUMBER 118

  13. FAV. RPT., TAB. FOR CAL., SEN.

  14. RPTD. OUT OF LCO

  15. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/03/18

  16. FILED WITH LCO

  17. Joint Favorable Substitute

  18. PUBLIC HEARING 0301

  19. REF. TO JOINT COMM. ON Aging

Sponsors

Sponsorship breakdown

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16 sponsors · 0 co-sponsors · 171 not signed on · 14 voted No

Sponsors (16)

Co-sponsors (0)

None.

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

House Roll Call Vote 265

Passed 122 Yea · 27 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 741301
Republican 141200
Democratic 34200
Total 1222701
% of votes cast 81%18%0%1%
How each member voted (150)
Member Party Vote
REED — Yea
ABERCROMBIE — Yea
PORTER — Yea
ADAMS — Yea
ALBIS — Yea
REBIMBAS — Nay
ALTOBELLO — Yea
RILEY — Yea
ARCONTI — Yea
CHEESEMAN — Yea
CUMMINGS — Nay
SIEGRIST — Yea
BORER — Yea
D'AMELIO — Yea
SIMANSKI — Yea
ROSE — Yea
SKULCZYCK — Yea
ROVERO — Yea
DAVIS — Yea
CONLEY — Yea
SANCHEZ — Yea
SREDZINSKI — Nay
CURREY — Yea
DEVLIN — Yea
SRINIVASAN — Nay
D'AGOSTINO — Yea
STANESKI — Yea
DE LA CRUZ — Yea
SCANLON — Yea
STOKES — Nay
SERRA — Yea
DUNSBY — Yea
STORMS — Yea
SIMMONS — Yea
FERGUSON — Yea
TWEEDIE — Nay
DIMASSA — Yea
FERRARO — Yea
SOTO — Yea
WILMS — Yea
FLEISCHMANN — Yea
FLOREN — Yea
FOX — Yea
STALLWORTH — Yea
FRANCE — Nay
FREY — Yea
TERCYAK — Yea
FUSCO — Yea
TONG — Yea
GREEN — Nay
ZIOBRON — Yea
URBAN — Yea
GUERRERA — Yea
VARGAS — Yea
VERRENGIA — Yea
KLARIDES — Yea
HAMPTON — Yea
WINKLER — Yea
KOKORUDA — Yea
ARESIMOWICZ — Yea
HENNESSY — Yea
YOUNG — Yea
KUPCHICK — Yea
JOHNSON — Yea
ZIOGAS — Yea
LABRIOLA — Nay
JULESON-SCOPINO — Yea
LAVIELLE — Yea
LEGEYT — Nay
MACLACHLAN — Yea
BERGER — Not Voting
BELSITO — Nay
BETTS — Nay
COOK — Yea
BOCCHINO — Yea
OHLER — Yea
GENTILE — Yea
O'NEILL — Yea
MORIN — Yea
MORRIS — Yea
BYRON — Yea
ORANGE — Yea
PERONE — Yea
CAMILLO — Yea
PETIT — Nay
RYAN — Yea
Mccarthy Vahey — Yea
Mccarty, K. — Yea
Alphonse Paolillo Democratic Yea
Andre F. Baker Democratic Yea
Bob Duff Democratic Yea
Bob Godfrey Democratic Yea
Bobby G. Gibson Democratic Yea
Christopher Rosario Democratic Yea
Derek Slap Democratic Yea
Derell Wilson Democratic Nay
Frank Smith Democratic Yea
Geraldo C. Reyes Democratic Yea
Gregory Haddad Democratic Yea
Henry J. Genga Democratic Yea
Hilda E. Santiago Democratic Yea
Hilda E. Santiago Democratic Yea
Jason Rojas Democratic Yea
Jonathan Steinberg Democratic Yea
Joseph P. Gresko Democratic Yea
Josh Elliott Democratic Yea
Joshua M. Hall Democratic Yea
Juan R. Candelaria Democratic Yea
Kerry S. Wood Democratic Nay
Larry B. Butler Democratic Yea
Liz Linehan Democratic Yea
Mary M. Mushinsky Democratic Yea
Matthew L. Lesser Democratic Yea
Matthew Ritter Democratic Yea
Mike Demicco Democratic Yea
Minnie Gonzalez Democratic Yea
Patricia A. Dillon Democratic Yea
Patricia Billie Miller Democratic Yea
Patrick S. Boyd Democratic Yea
Rick Lopes Democratic Yea
Roland J. Lemar Democratic Yea
Steven J. Stafstrom Democratic Yea
Toni E. Walker Democratic Yea
Trenee McGee Democratic Yea
Anne Dauphinais Republican Nay
Ben McGorty Republican Yea
Bill Buckbee Republican Nay
Cara Christine Pavalock-D'Amato Republican Nay
Carol Hall Republican Yea
Christie M. Carpino Republican Yea
Craig C. Fishbein Republican Nay
Dave W. Yaccarino Republican Yea
David Rutigliano Republican Nay
Devin R. Carney Republican Yea
Doug Dubitsky Republican Nay
Jason Perillo Republican Nay
Jay M. Case Republican Yea
Joe Polletta Republican Nay
John E. Piscopo Republican Nay
Kurt Vail Republican Yea
Lezlye Zupkus Republican Yea
Mitch Bolinsky Republican Yea
Nicole Klarides-Ditria Republican Nay
Rob Sampson Republican Nay
Stephen G. Harding Republican Yea
Tami Zawistowski Republican Nay
Tim Ackert Republican Yea
Tom Delnicki Republican Yea
Tom O'Dea Republican Yea
Vincent J. Candelora Republican Yea

Official roll call →

Senate Roll Call Vote 88 ADOPT

Passed 35 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democratic 8000
Unaffiliated 21001
Republican 6000
Total 35001
% of votes cast 97%0%0%3%
How each member voted (36)
Member Party Vote
PAUL M. FORMICA — Yea
TIM LARSON — Yea
STEVE CASSANO — Yea
BETH BYE — Yea
EDWIN A. GOMES — Yea
TERRY B. GERRATANA — Yea
MICHAEL A. MCLACHLAN — Yea
KEVIN D. WITKOS — Yea
TONI BOUCHER — Yea
PAUL DOYLE — Not Voting
CARLO LEONE — Yea
CRAIG MINER — Yea
LEN SUZIO — Yea
GAYLE SLOSSBERG — Yea
ART LINARES — Yea
JOE MARKLEY — Yea
LEONARD FASANO — Yea
GEORGE LOGAN — Yea
ANTHONY GUGLIELMO — Yea
L. SCOTT FRANTZ — Yea
Kevin C. Kelly — Yea
Marilyn Moore — Yea
Bob Duff Democratic Yea
Catherine A. Osten Democratic Yea
Douglas McCrory Democratic Yea
Gary A. Winfield Democratic Yea
Joan V. Hartley Democratic Yea
John W. Fonfara Democratic Yea
Mae Flexer Democratic Yea
Martin M. Looney Democratic Yea
Eric C. Berthel Republican Yea
Heather S. Somers Republican Yea
Henri Martin Republican Yea
John A. Kissel Republican Yea
Kathy Kennedy Republican Yea
Tony Hwang Republican Yea

Official roll call →

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 150?
SB 150 is sponsored by Kevin C. Kelly, Mushinsky, Mary M., Fleischmann, Andrew M., Santiago, Hilda E., Stafstrom, Steven J., Tercyak, Peter A., Butler, Larry B., Cassano, Steve, Demicco, Mike, Gerratana, Terry B., Martin M. Looney (Democratic), Patricia Billie Miller (Democratic), Catherine A. Osten (Democratic), Henri Martin (Republican), Bob Duff (Democratic), and Tony Hwang (Republican).
What is the current status of SB 150?
This bill has been enacted into law. Introduced February 16, 2018. Enacted.
Where can I track SB 150?
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Last checked for changes 3 months ago · updated continuously

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