HB 353 -  Mortgage Payoff Letters

by Fabricio
Requires mortgagee or servicer of mortgage to send estoppel letter within specified time; provides requirements for estoppel letter; requires payments received pursuant to estoppel letter be applied to unpaid balance; provides for liability; authorizes damages & attorney fees & costs; prohibits punitive damages; provides certain persons may still be personally liable after recording satisfaction of mortgage.
Effective Date: October 1, 2022
Last Event: Now in Insurance & Banking Subcommittee on Friday, November 5, 2021 12:37 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Now in Insurance & Banking Subcommittee Time: 11/05/2021 - 12:37 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/05/2021 - 12:37 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Civil Justice & Property Rights Subcommittee Time: 11/05/2021 - 12:37 PM Member: Committee: Civil Justice & Property Rights Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 11/05/2021 - 12:37 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 10/19/2021 - 4:15 PM Member: Fabricio Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
701.04 HB 335, SB 1016
701.041 HB 335, SB 1016