Bill Summary

HB 353 Mortgage Payoff Letters (2022 Session)
Mortgage Payoff Letters: 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
10/19/21
HOUSE 
Filed
11/05/21
HOUSE 
Referred to Insurance & Banking Subcommittee; Civil Justice & Property Rights Subcommittee; Commerce Committee
11/05/21
HOUSE 
Now in Insurance & Banking Subcommittee
0353
Filed on 10/19/21
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701.04
701.041
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