Senate Bill 2846 will be heard in the Banking and Insurance Committee on Tuesday, April 15th.
We need calls to these committee members, leadership and YOUR OWN Senator and Representative.
Message: Please support passage of The Subprime Lending Act (Senate Bill 2846 and House Bill 979). Florida needs to have stronger protections against predatory lending. Home loans with abusive lending terms are a leading cause of foreclosures which are hurting our state's economy.
[see below for more talking points]
Leadership:
Governor Charlie Crist- Charlie.Crist@myflorida.com, 850-488-7146
Lt. Governor Kottkamp- Jeff.Kottkamp@MyFlorida.com, 850-488-7146
Sen. Pruitt (Senate President)- pruitt.ken.web@flsenate.gov, 850-487-5088
Rep. Rubio (House Speaker)- marco.rubio@myfloridahouse.gov 850-488-1450
Sen. Webster (Senate Majority Leader)- webster.daniel.web@flsenate.gov, 850-487-5047
Rep. Hasner (House Majority Leader)- adam.hasner@myfloridahouse.gov, 850-488-2234
Banking and Insurance Committee Members
Sen. Alexander (Winter Haven), (850) 487-5044, alexander.jd.web@flsenate.gov
Sen. Atwater (North Palm Beach), (850) 487-5100, atwater.jeff.web@flsenate.gov
Sen. Bennett (Bradenton), (850) 487-5078, bennett.mike.web@flsenate.gov
Sen. Gaetz (Fort Walton Beach), (850) 487-5009, gaetz.don.web@flsenate.gov
Sen. Peaden (Crestview), (850) 487-5000, peaden.durell.web@flsenate.gov
Sen. Posey (Rockledge), (850) 487-5053, posey.bill.web@flsenate.gov
Sen. Storms (Brandon), (850) 487-5072, storms.ronda.web@flsenate.gov
To Find Your Representative, Senator
http://www.myfloridahouse.gov/sections/Representatives/myrepresentative.aspx
TALKING POINTS
Last year, Florida's foreclosure filings doubled ending the year with a total of 279,325 foreclosure filings - the second highest foreclosure rate for in the country.
Unless this legislature addresses this problem this year, we will continue to see low qualified borrowers put into predatory subprime loans. Low qualified borrowers in predatory subprime loans is Florida's formula for more foreclosures.
With the number of Adjustable Rate Mortgages due to reset in 2008, unless we enact strong anti-predatory loan protections for Floridians, when they go to refinance they could be put back into bad loans.
With the track that we are going on right now, we could see over a half-million foreclosures in 2008.
Floridians deal with the problem of foreclosures year round. The Legislature only has 60 days to get it right.
The time for legislative action is now.
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