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.
- 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
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