Bill Summary

SB 1706 Servicers and Lenders of Residential Mortgage Loans (2022 Session)
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Sponsors
by Garcia (I) Co Sponsors: Taddeo CS Sponsors: Banking and Insurance
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Summary
Servicers and Lenders of Residential Mortgage Loans; Requiring that periodic statements for residential mortgage loans follow specified laws; specifying that certain entities are not exempt from such laws; prohibiting a mortgage servicer from assessing certain charges or fees relating to lender-placed insurance on a borrower unless specified requirements are met; 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, etc. Effective Date: 7/1/2022
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committees of reference
   S Banking and Insurance
» S Judiciary
   S Rules
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Actions
01/07/22
SENATE
Filed
01/12/22
SENATE
Referred to Banking and Insurance; Judiciary; Rules
02/03/22
SENATE
On Committee agenda - Banking and Insurance, 02/08/22, 3:00 pm, 412 K
02/08/22
SENATE
Favorable with CS by Banking and Insurance; 10 Yeas, 1 Nay
02/10/22
SENATE
Committee Substitute Text (C1) Filed
02/11/22
SENATE
Now in Judiciary
03/12/22
SENATE
Indefinitely postponed and withdrawn from consideration
03/14/22
SENATE
Died in Judiciary
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bill text & filed amendments
1706
Filed on 01/07/22
PDF
Amendment 453068
Garcia
Filed on 02/08/22
Replaced by CS
PDF
1706C1
Filed on 02/10/22
PDF
No amendments to this bill text filed.
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Statute Citations
494.001
494.00115
494.00163
494.00164
494.00225
494.0025
494.0027
627.4055
635.0215
702.013
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