- Title
- Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures
- Sponsored by
- Senator Gile
- Status
- In the Senate - First Reading Finance
- Analysis
Synopsis
Requiring banking institutions, credit unions, mortgage lenders, mortgage lending businesses, and mortgage loan originators to include a certain provision in certain conventional home mortgage loans authorizing a certain borrower to purchase the property interest of a certain borrower in connection with a decree of absolute divorce if the lending entity determines that the assuming borrower qualifies for the loan; applying certain provisions of the Act retroactively; etc.
Committees
- Original:
- Finance
Details
Bill File Type: Regular
Effective Date(s): October 1, 2025
History
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Statutes
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Last Updated: 1/30/2025 12:13 AM
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