HB 1051 -  Servicers and Lenders of Residential Mortgage Loans

by Fernandez-Barquin
Requires periodic statements for residential mortgage loans to follow specified laws; requires mortgage servicers & mortgage lenders to assume duties & obligations related to previously approved loan modifications; prohibits mortgage servicers & mortgage lenders from commencing civil actions, recording specified notices, & conducting foreclosures of sale unless specified conditions are met; requires mortgage servicers & mortgage lenders to establish single points of contact; requires mortgage servicers & mortgage lenders to send written acknowledgment of application receipt to foreclosure prevention alternative applicants in specified manners within specified timeframe; prohibits mortgage servicers & mortgage lenders from charging specified fees; prohibits insurers & insurance agents from engaging in certain acts relating to lender-placed insurance for residential mortgage loan guaranty.
Effective Date: July 1, 2022
Last Event: Died in Insurance & Banking Subcommittee on Monday, March 14, 2022 1:03 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 03/14/2022 - 1:03 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/12/2022 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/11/2022 - 9:25 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/07/2022 - 11:44 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/07/2022 - 11:44 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice & Property Rights Subcommittee Time: 01/07/2022 - 11:44 AM Member: Committee: Civil Justice & Property Rights Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/07/2022 - 11:44 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 12/28/2021 - 12:34 PM Member: Fernandez-Barquin Committee: Version: __