Bill Summary

SB 392 Requirements of Lenders of Money (2025 Session)
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Sponsors
by García
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Summary
Requirements of Lenders of Money; Citing this act at 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. Effective Date: 7/1/2025
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committees of reference
» S Banking and Insurance
   S Commerce and Tourism
   S Rules
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Actions
01/28/25
SENATE
Filed
02/10/25
SENATE
Referred to Banking and Insurance; Commerce and Tourism; Rules
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bill text & filed amendments
0392
Filed on 01/28/25
PDF
No amendments to this bill text filed.
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Statute Citations
687.08
687.085
701.01
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