CS/SB 1706 (2022) -  Servicers and Lenders of Residential Mortgage Loans

by Banking and Insurance and Garcia (CO-SPONSORS) Taddeo
Requiring that periodic statements for residential mortgage loans follow specified laws; specifying that certain entities are not exempt from such laws; prohibiting a mortgage servicer from assessing certain charges or fees relating to lender-placed insurance on a borrower unless specified requirements are met; requiring mortgage servicers and mortgage lenders to assume duties and obligations relating to previously approved first lien loan modifications, foreclosure prevention alternatives, and other loan modifications under certain circumstances; prohibiting mortgage servicers and mortgage lenders from commencing certain civil actions, recording specified notices, or conducting foreclosure sales unless specified conditions are met, etc.
Effective Date: 07/01/2022
Last Event: 03/14/22 S Died in Judiciary on Monday, March 14, 2022 1:02 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 02/08/22 3:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 1
  • Judiciary
  • Rules

Related Bills

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 2/10/2022 3:00:39 PM
Chamber: Senate Committee: Banking and Insurance 2/7/2022 2:53:32 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Judiciary Time: 03/14/2022 - 1:02 PM Member: Committee: Judiciary Version: c1
Event: S Indefinitely postponed and withdrawn from consideration Time: 03/12/2022 - 12:00 AM Member: Committee: Version: c1
Event: S Now in Judiciary Time: 02/11/2022 - 8:40 AM Member: Committee: Judiciary Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 367 Time: 02/10/2022 - 5:56 PM Member: Committee: Banking and Insurance Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 02/10/2022 - 2:33 PM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 10 NAYS 1 -SJ 364 Time: 02/08/2022 - 3:55 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 02/08/22, 3:00 pm, 37 Senate Building Time: 02/03/2022 - 1:50 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 146 Time: 01/18/2022 - 4:22 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary; Rules -SJ 147 Time: 01/12/2022 - 11:47 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/07/2022 - 10:25 AM Member: Committee: Version: __