2015 Regular Session
Overview
At the request of: | |
Chief Sponsors: | |
Regular Sponsors: | |
Bill Title: | Relating to statements concerning obligations borrowers owe to lenders under real estate loan agreements; and declaring an emergency. |
Catchline/Summary: | Provides that borrower or borrower's agent may rely on lender's payoff statement for amount required to discharge mortgage or perform obligation necessary to request reconveyance of estate of real property described in trust deed until after lender delivers amended payoff statement. |
Chapter Number: | Chapter 431 |
Fiscal Impact: | No Fiscal Impact |
Revenue Impact: | No Revenue Impact |
Measure Analysis: | Staff Measure Summary / Impact Statements |
Current Location: | Chapter Number Assigned |
Current Committee: | |
Current Subcommittee: | |
Subsequent Referral(s): |
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Potential Conflicts of Interest/Vote Explanations: | Potential Conflicts of Interest/Vote Explanation Documents |