SB 392: Requirements of Lenders of Money
GENERAL BILL by Garcia
Requirements of Lenders of Money; Citing this act as the “Default Interest Transparency Act”; requiring lenders of money or the agents, officers, or other representatives of such lenders to provide a dated receipt under certain circumstances; requiring lenders of money or the agents, officers, or other representatives of such lenders to give a specified notice to the borrower and all obligors of the loan within a specified timeframe; requiring the assignor of a mortgage loan to provide, within a specified timeframe, a copy of the loan history statement to a borrower or obligor upon request, etc.
Last Action: 2/10/2025 Senate - Referred to Banking and Insurance; Commerce and Tourism; Rules
Bill Text: Web Page | PDF
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Rules (RC)
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Bill History
Date Chamber Action 1/28/2025 Senate • Filed
2/10/2025 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules
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SB 392, Original Filed Version (Current Bill Version) Posted 1/28/2025 at 1:22 PM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 687.08 Person lending money to give borrower receipt for payments; contents of receipt; penalty for violation. Page 2 (pdf) 687.085 Page 3 (pdf) 701.01 Assignment. Page 5 (pdf)