SB 104: Residential Mortgage Loans
GENERAL BILL by Garcia
Residential Mortgage Loans; Requiring mortgage lenders and mortgage servicers to comply with specified federal law; 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; prohibiting insurers and insurance agents from engaging in certain acts relating to lender-placed insurance, etc.
Effective Date: 7/1/2023
Last Action: 5/5/2023 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Last Action: 5/5/2023 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/21/2022 | Senate |
• Filed |
| 1/4/2023 | Senate |
• Referred to Banking and Insurance; Judiciary; Rules |
| 3/7/2023 | Senate |
• Introduced |
| 5/5/2023 | Senate |
• Died in Banking and Insurance |