Bill Summary

HB 353 Mortgage Payoff Letters (2022 Session)
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Sponsors
by Fabricio  CS Sponsors: Civil Justice & Property Rights Subcommittee, Insurance & Banking Subcommittee
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Summary
Mortgage Payoff Letters: Revises timeframe for mortgagee or mortgage servicer to send estoppel letter; requires notice to mortgagor of request for estoppel letter; revises requirements for estoppel letter; authorizes corrected estoppel letter; prohibits mortgagee or mortgage servicer from denying accuracy of estoppel letter; requires payments to be applied to any unpaid balance of mortgage; provides methods for sending written request for estoppel letter, estoppel letter, & corrected estoppel letter; authorizes attorney fees & costs. Effective Date: October 1, 2022
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committees of reference
   H Insurance & Banking Subcommittee
   H Civil Justice & Property Rights Subcommittee
   H Commerce Committee
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Actions
10/19/21
HOUSE 
Filed
11/05/21
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Referred to Insurance & Banking Subcommittee; Civil Justice & Property Rights Subcommittee; Commerce Committee
11/05/21
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Now in Insurance & Banking Subcommittee
01/25/22
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On Committee agenda - Insurance & Banking Subcommittee, 01/27/22, 9:00 am, 17 H - PCS
01/27/22
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Favorable with CS by Insurance & Banking Subcommittee; 16 Yeas, 0 Nays
01/28/22
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Committee Substitute Text (C1) Filed
02/01/22
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Now in Civil Justice & Property Rights Subcommittee
02/14/22
HOUSE 
On Committee agenda - Civil Justice & Property Rights Subcommittee, 02/16/22, 8:00 am, 404 H - PCS
02/16/22
HOUSE 
Favorable with CS by Civil Justice & Property Rights Subcommittee; 17 Yeas, 0 Nays
02/16/22
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Committee Substitute Text (C2) Filed
02/18/22
HOUSE 
Now in Commerce Committee
02/21/22
HOUSE 
On Committee agenda - Commerce Committee, 02/23/22, 9:00 am, 212 K
02/23/22
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Favorable by Commerce Committee; 22 Yeas, 0 Nays
02/24/22
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Placed on Calendar, on 2nd reading
03/12/22
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Indefinitely postponed and withdrawn from consideration
03/14/22
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Died on Second Reading Calendar
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bill text & filed amendments
0353
Filed on 10/19/21
PDF
Amendment 1000 PCS
Insurance & Banking Sub
Filed on 01/25/22
Adopted
PDF
0353C1
Filed on 01/28/22
PDF
Amendment 1000 PCS
Civil Justice & Property Rights Sub
Filed on 02/14/22
Adopted
PDF
0353C2
Filed on 02/16/22
PDF
No amendments to this bill text filed.
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Statute Citations
701.04
701.041
Research & Reports
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