Servicers and Lenders of Residential Mortgage Loans
Summary
Servicers and Lenders of Residential Mortgage Loans; Requiring that periodic statements for residential mortgage loans follow specified laws; specifying that certain entities are not exempt from such laws; prohibiting a mortgage servicer from assessing certain charges or fees relating to lender-placed insurance on a borrower unless specified requirements are met; requiring mortgage servicers and mortgage lenders to assume duties and obligations relating to previously approved first lien loan modifications, foreclosure prevention alternatives, and other loan modifications under certain circumstances; prohibiting mortgage servicers and mortgage lenders from commencing certain civil actions, recording specified notices, or conducting foreclosure sales unless specified conditions are met, etc.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 18, 2022
Last action Mar 14, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
2
Committee
3
Feb 10, 2022
Upper · Passed
Pending reference review under Rule 4.7(2) - (Committee Substitute)
upper
Feb 3, 2022
Upper · Passed
On Committee agenda-- Banking and Insurance, 02/08/22, 3:00 pm, 37 Senate Building
upper
Jan 18, 2022
Introduced
Introduced
upper
Jan 12, 2022
Committee
Referred to Banking and Insurance; Judiciary; Rules
upper
1 primary · 1 co-sponsor
Sponsors
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