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)
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Bill History
Date Chamber Action 2/27/2013 Senate • Filed
3/1/2013 Senate • Referred to Judiciary; Banking and Insurance; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations -SJ 91
3/5/2013 Senate • Introduced -SJ 91
5/3/2013 Senate • Died in Judiciary
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SB 1236, Original Filed Version (Current Bill Version) Posted 2/27/2013 at 8:12 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1303 Mortgage Principal Reduction Program Torres Identical Last Action: 5/3/2013 H Died in Economic Development and Tourism Subcommittee
Location: In committee/council (EDTS)