Servicers and Lenders of Residential Mortgage Loans
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.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2022
Last action Mar 14, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
4
Jan 7, 2022
Lower · Passed
Now in Insurance & Banking Subcommittee
lower
Jan 7, 2022
Committee
Referred to Commerce Committee
lower
Jan 7, 2022
Committee
Referred to Civil Justice & Property Rights Subcommittee
lower
Jan 7, 2022
Committee
Referred to Insurance & Banking Subcommittee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Juan Alfonso Fernandez-Barquin
RRepublican
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