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
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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3/12/2022 House • Indefinitely postponed and withdrawn from consideration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
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HB 1051, Original Filed Version (Current Bill Version) Posted 12/28/2021 at 12:34 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1706 (c1) Servicers and Lenders of Residential Mortgage Loans Garcia Similar Last Action: 3/14/2022 S Died in Judiciary 
Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 494.001 Definitions. Page 4 (pdf) 494.00115 Exemptions. Page 22 (pdf) 494.00163 Page 5 (pdf) 494.00225 Page 5 (pdf) 494.0025 Prohibited practices. Page 23 (pdf) 494.0027 Page 6 (pdf) 627.4055 Page 12 (pdf) 635.0215 Page 14 (pdf) 702.013 Page 16 (pdf)