CS/CS/HB 353: Mortgage Payoff Letters
GENERAL BILL by Civil Justice and Property Rights Subcommittee ; Insurance and Banking Subcommittee ; Fabricio
Mortgage Payoff Letters; Revises timeframe for mortgagee or mortgage servicer to send estoppel letter; requires notice to mortgagor of request for estoppel letter; revises requirements for estoppel letter; authorizes corrected estoppel letter; prohibits mortgagee or mortgage servicer from denying accuracy of estoppel letter; requires payments to be applied to any unpaid balance of mortgage; provides methods for sending written request for estoppel letter, estoppel letter, & corrected estoppel letter; authorizes attorney fees & costs.
Effective Date: 10/1/2022
Last Action: 3/14/2022 House - Died on Second Reading Calendar
Bill Text: PDF
Last Action: 3/14/2022 House - Died on Second Reading Calendar
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/19/2021 | House |
• Filed |
| 11/5/2021 | 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) |
| 1/25/2022 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 1/27/2022 | House |
• Favorable with CS by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee |
| 1/28/2022 | House |
• Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 2/1/2022 | House |
• Referred to Civil Justice & Property Rights Subcommittee • Referred to Commerce Committee • Now in Civil Justice & Property Rights Subcommittee |
| 2/14/2022 | House |
• PCS added to Civil Justice & Property Rights Subcommittee agenda |
| 2/16/2022 | House |
• Favorable with CS by Civil Justice & Property Rights Subcommittee • Reported out of Civil Justice & Property Rights Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 2/18/2022 | House |
• Referred to Commerce Committee • Now in Commerce Committee |
| 2/21/2022 | House |
• Added to Commerce Committee agenda |
| 2/23/2022 | House |
• Favorable by Commerce Committee |
| 2/24/2022 | House |
• Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar |
| 3/12/2022 | House |
• Indefinitely postponed and withdrawn from consideration |
| 3/14/2022 | House |
• Died on Second Reading Calendar |
