CS/SB 1706: Servicers and Lenders of Residential Mortgage Loans
GENERAL BILL by Banking and Insurance ; Garcia ; (CO-INTRODUCERS) Taddeo
Servicers and Lenders of Residential Mortgage Loans; Requiring that periodic statements for residential mortgage loans follow specified laws; specifying that certain entities are not exempt from such laws; prohibiting a mortgage servicer from assessing certain charges or fees relating to lender-placed insurance on a borrower unless specified requirements are met; requiring mortgage servicers and mortgage lenders to assume duties and obligations relating to previously approved first lien loan modifications, foreclosure prevention alternatives, and other loan modifications under certain circumstances; prohibiting mortgage servicers and mortgage lenders from commencing certain civil actions, recording specified notices, or conducting foreclosure sales unless specified conditions are met, etc.
Last Action: 3/14/2022 Senate - Died in Judiciary
Bill Text: Web Page | PDF
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
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Bill History
Date Chamber Action 1/7/2022 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 147
1/18/2022 Senate • Introduced -SJ 146
2/3/2022 Senate • On Committee agenda-- Banking and Insurance, 02/08/22, 3:00 pm, 37 Senate Building
2/8/2022 Senate • CS by Banking and Insurance; YEAS 10 NAYS 1 -SJ 364
2/10/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 367
2/11/2022 Senate • Now in Judiciary
3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
3/14/2022 Senate • Died in Judiciary
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CS/SB 1706, Committee Substitute 1 (Current Bill Version) Posted 2/10/2022 at 2:33 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1051 Servicers and Lenders of Residential Mortgage Loans Fernandez-Barquin Similar Last Action: 3/14/2022 H Died in Insurance & Banking Subcommittee 
Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 494.001 Definitions. Page 4 (pdf) 494.00115 Exemptions. Page 25 (pdf) 494.00163 Page 5 (pdf) 494.00164 Page 5 (pdf) 494.00225 Page 10 (pdf) 494.0025 Prohibited practices. Page 25 (pdf) 494.0027 Page 11 (pdf) 627.4055 Page 17 (pdf) 635.0215 Page 18 (pdf) 702.013 Page 19 (pdf) -
SB 1706, Original Filed Version Posted 1/7/2022 at 10:25 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 2/7/2022 (pdf)
Banking and Insurance (Post-Meeting) 2/10/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1051 Servicers and Lenders of Residential Mortgage Loans Fernandez-Barquin Similar Last Action: 3/14/2022 H Died in Insurance & Banking Subcommittee
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 453068 - Amendment
Delete lines 110 - 371 and insert:Banking and Insurance
(Garcia)2/8/2022
9:09 AMReplaced by Committee Substitute
2/10/2022Web Page
PDFCommittee Votes (1)
Date Committee Result 2/8/2022 3:00 PM Banking and Insurance 10 Yeas - 1 Nays Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 494.001 Definitions. Page 3 (pdf) 494.00115 Exemptions. Page 19 (pdf) 494.00163 Page 4 (pdf) 494.00225 Page 5 (pdf) 494.0025 Prohibited practices. Page 20 (pdf) 494.0027 Page 5 (pdf) 627.4055 Page 11 (pdf) 635.0215 Page 13 (pdf) 702.013 Page 14 (pdf)