Bill Summary

HB 1051 Servicers and Lenders of Residential Mortgage Loans (2022 Session)
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Sponsors
by Fernandez-Barquin
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Summary
Servicers and Lenders of Residential Mortgage Loans: Requires periodic statements for residential mortgage loans to follow specified laws; requires mortgage servicers & mortgage lenders to assume duties & obligations related to previously approved loan modifications; prohibits mortgage servicers & mortgage lenders from commencing civil actions, recording specified notices, & conducting foreclosures of sale unless specified conditions are met; requires mortgage servicers & mortgage lenders to establish single points of contact; requires mortgage servicers & mortgage lenders to send written acknowledgment of application receipt to foreclosure prevention alternative applicants in specified manners within specified timeframe; prohibits mortgage servicers & mortgage lenders from charging specified fees; prohibits insurers & insurance agents from engaging in certain acts relating to lender-placed insurance for residential mortgage loan guaranty. Effective Date: July 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
12/28/21
HOUSE 
Filed
01/07/22
HOUSE 
Referred to Insurance & Banking Subcommittee; Civil Justice & Property Rights Subcommittee; Commerce Committee
01/07/22
HOUSE 
Now in Insurance & Banking Subcommittee
03/12/22
HOUSE 
Indefinitely postponed and withdrawn from consideration
03/14/22
HOUSE 
Died in Insurance & Banking Subcommittee
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bill text & filed amendments
1051
Filed on 12/28/21
PDF
No amendments to this bill text filed.
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Statute Citations
494.001
494.00115
494.00163
494.00225
494.0025
494.0027
627.4055
635.0215
702.013
Research & Reports
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