Legislation

Title: Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)
Sponsored by: Senator Carter
Status: In the Senate - Hearing 3/02 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a certain mortgage servicer from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency; requiring a servicer to grant a forbearance to a borrower under certain circumstances; prohibiting a period of forbearance from lasting more than 180 days except under certain circumstances; requiring a servicer to notify a borrower of a certain right to mediation under certain circumstances; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB1009

Bill File Type: Regular

Effective Date(s): October 1, 2021

History

Legislation History
Chamber Senate Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021) Proceedings
Chamber Senate Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action Hearing 3/02 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/05/2021	2/05/2021	First Reading Judicial Proceedings
			Text - First - Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)
Senate	2/09/2021	2/09/2021	Hearing 3/02 at 1:00 p.m.

File Code

Subjects

Statutes