Edgar Gonzalez
- Democratic
- Representative
- District 23
Primary
Amends the Mortgage Escrow Account Act. Provides that a mortgage lender that complies with the escrow account requirements in Title 12 CFR Part 1026 for a mortgage loan that is a higher-priced mortgage loan is deemed to be in compliance with a provision regarding notification by a mortgage lender to a borrower about terminating or continuing such escrow account. Provides that the borrower shall not have the right to terminate any escrow account arrangement in conjunction with a mortgage loan that is a higher-priced mortgage loan unless the borrower has met all of the conditions for cancellation of an escrow account for a higher-priced mortgage loan in Title 12 CFR Part 1026. Effective immediately.
Governor Approved
Public Act . . . . . . . . . 103-0322
Effective Date July 28, 2023
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 056-000-000
Placed on Calendar Order of 3rd Reading ** May 8, 2023
Added as Alternate Co-Sponsor Sen. Michael E. Hastings
Added as Alternate Chief Co-Sponsor Sen. Jason Plummer
Placed on Calendar Order of 3rd Reading May 2, 2023
Second Reading
Placed on Calendar Order of 2nd Reading April 27, 2023
Do Pass Financial Institutions; 007-000-000
Assigned to Financial Institutions
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. Ram Villivalam
Placed on Calendar Order of First Reading
Arrive in Senate
Third Reading - Short Debate - Passed 108-000-000
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
Assigned to Financial Institutions and Licensing Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Edgar Gonzalez, Jr.
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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