Bill Summary
HB 335 Satisfaction of Mortgages (2022 Session)
Satisfaction of Mortgages: Requires mortgagee or servicer of mortgage to send estoppel letter within specified time; provides requirements for estoppel letter; requires payments received pursuant to estoppel letter be applied to unpaid balance; provides for liability; authorizes damages & attorney fees & costs; prohibits punitive damages; provides certain persons may still be personally liable after recording satisfaction of mortgage. Effective Date: October 1, 2022
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701.04
701.041
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