Bill Summary

SB 1236 Mortgage Principal Reduction Program (2013 Session)
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Sponsors
by Soto
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Summary
Mortgage Principal Reduction Program; Creating the “Mortgage Principal Reduction Act”; requiring that the Florida Housing Finance Corporation apply to the United States Department of the Treasury by a specified date to request funds not to exceed a specified amount from the federal Hardest-Hit Fund program to establish a new state program to reduce the principal on mortgages for persons whose homestead property in this state is in foreclosure; requiring the corporation to use the allocated funds to purchase delinquent mortgages on such property from lenders at a discount to reduce the mortgage principal amount due on the mortgage, etc. Effective Date: July 1, 2013
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committees of reference
» S Judiciary
   S Banking and Insurance
   S Appropriations Subcommittee on Transportation, Tourism, and Economic Development
   S Appropriations
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Actions
02/27/13
SENATE
Filed
03/01/13
SENATE
Referred to Judiciary; Banking and Insurance; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations
05/03/13
SENATE
Died in Judiciary
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bill text & filed amendments
1236
Filed on 02/27/13
PDF
No amendments to this bill text filed.
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Statute Citations
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