HB1509

Financial Institutions - Mortgage Servicers - Insurance Proceeds

Requiring a mortgage servicer that receives certain insurance proceeds to deposit the proceeds into a certain interest bearing account; requiring a borrower to elect the use of the interest earnings on the insurance proceeds; requiring certain interest earnings to begin accruing by a certain date; authorizing a mortgage servicer to charge a fee for disbursement of interest earnings subject to certain limitations; and requiring certain methods and procedures for disbursement of insurance proceeds and interest earnings.

1 bill selected

Basic Information

Status
Chaptered
Session
2026 Regular Session
Type
Unknown
Cross-filed
False

Links

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Upcoming Events

Hearing
March 10, 2026 at 13:00
📍 Economic Matters
Hearing - Economic Matters Committee

Sponsors

Roberts