Due-on-sale clauses.

HB 1664 prohibits lenders from triggering a "due-on-sale" clause when a property is transferred under specific circumstances, such as sales between family members or transfers due to inheritance. This directly affects homeowners who sell or transfer property without triggering immediate full loan repayment. The bill's key mechanism blocks lenders from demanding full payment upon these transfers, keeping the original loan terms intact. The bill is currently in committee review after its first reading in January 2025.