SB 1236: Mortgage Principal Reduction Program
GENERAL BILL by Soto
Mortgage Principal Reduction Program; Creating the “Mortgage Principal Reduction Act”; requiring that the Florida Housing Finance Corporation apply to the United States Department of the Treasury by a specified date to request funds not to exceed a specified amount from the federal Hardest-Hit Fund program to establish a new state program to reduce the principal on mortgages for persons whose homestead property in this state is in foreclosure; requiring the corporation to use the allocated funds to purchase delinquent mortgages on such property from lenders at a discount to reduce the mortgage principal amount due on the mortgage, etc.
Last Action: 5/3/2013 Senate - Died in Judiciary
Location: In committee/council (JU)
Bill Text: Web Page | PDF
- Judiciary (JU)
- Banking and Insurance (BI)
- Appropriations Subcommittee on Transportation, Tourism, and Economic Development (ATD)
- Appropriations (AP)
• Referred to Judiciary; Banking and Insurance; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations -SJ 91
• Introduced -SJ 91
• Died in Judiciary
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.