Committee advances substitute for House Bill 2,236 to limit Housing Finance Commission retail lending, 13–4 The House Housing Committee voted 13–4 to report a proposed substitute for House Bill 2,236 that narrows the Housing Finance Commission's authority to originate residential mortgage loans to individual owner‑occupied single‑family buyers, clarifies intent that the commission should not act as a retail mortgage lender, and sparked debate over whether striking a 'not using public funds' phrase raises taxpayer risk.

The House Housing Committee has taken a bold step by advancing a substitute for House Bill 2,236, aiming to reshape the Housing Finance Commission’s lending authority and spark debate over taxpayer risks.

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#WA #MortgageRegulation #CitizenPortal #HousingPolicy

Utah lawmakers consider bill to regulate trigger leads in mortgage industry Legislators propose safeguards against the misuse of trigger leads in mortgage lending.

Utah lawmakers are taking a bold step to protect consumers from deceptive mortgage practices with a new bill targeting the controversial "trigger leads."

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#UT #IdentityTheftPrevention #ConsumerTrust #MortgageRegulation #CitizenPortal