SB 1408 (2020) -  Disposition of Insurance Proceeds

by Montford
Adding requirements for mortgagees and assignees holding certain insurance proceeds pending completion of all or part of damage repairs; specifying requirements for the disposition of certain insurance proceeds received by financial institutions and their subsidiaries relating to mortgage loans they hold; providing an exception from a requirement for a financial institution or subsidiary to endorse certain negotiable instruments, etc.
Effective Date: 07/01/2020
Last Event: 03/14/20 S Died in Banking and Insurance on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
  • Judiciary
  • Rules

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance Time: 03/14/2020 - 12:00 AM Member: Committee: Banking and Insurance Version: __
Event: S Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: S Introduced -SJ 104 Time: 01/14/2020 - 11:02 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary; Rules -SJ 104 Time: 01/13/2020 - 1:10 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/06/2020 - 11:19 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
494.0026 CS/CS/CS/HB 895*, HB 999, CS/CS/SB 1606*
655.969 CS/CS/CS/HB 895*, HB 999, CS/CS/SB 1606*

(*) Not the latest version