Introduced by Sen. Claudia Kauffman, (D-Kent) (D) on January 22, 2008, establishes the smart homeownership choices program in
the department of financial institutions to assist low-income and moderate-income households facing foreclosure
.
Referred to the Senate Consumer Protection & Housing Committee on January 22, 2008.
Substitute offered in the Senate on February 6, 2008, to require that a homeowner must repay any funds received at time of refinancing and the homeowner must participate in a mortgage counseling program. Language is clarified that the funds are for refinancing as opposed to helping a homeowner "become eligible to" refinance.
The substitute passed in the Senate by voice vote on February 18, 2008.
Referred to the Senate Ways & Means Committee on February 6, 2008.
Referred to the Senate Rules Committee on February 12, 2008.
Referred to the House Insurance, Financial Services, and Consumer Protection Committee on February 20, 2008.
Referred to the House Appropriations Committee on February 28, 2008.
Amendment offered in the House on March 1, 2008, to remove the appropriation and add a null and void clause to the bill.
The amendment passed in the House by voice vote on March 4, 2008.
Referred to the House Rules Committee on March 3, 2008.
Amendment offered by Rep. Dan Roach, (R-Bonney Lake) (R) on March 4, 2008, to expire the Smart Homeownership Choices Program on December 31, 2010. The amendment failed in the House by voice vote on March 4, 2008.