HB 1051: Servicers and Lenders of Residential Mortgage Loans
GENERAL BILL by Fernandez-Barquin
Servicers and Lenders of Residential Mortgage Loans; 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.
Last Action: 3/14/2022 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/28/2021 | House |
• Filed |
| 1/7/2022 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Civil Justice & Property Rights Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/11/2022 | House |
• 1st Reading (Original Filed Version) |
| 3/12/2022 | House |
• Indefinitely postponed and withdrawn from consideration |
| 3/14/2022 | House |
• Died in Insurance & Banking Subcommittee |
