BILL · 1991–92 SESSION

HB 1874: Mortgage impound acct intrst

Allowing mortgage customers to choose how impound account interest will be spent.

Summary

  • Requires lenders to provide written notification to all persons acquiring a residential mortgage loan that the interest earned on a reserve account will be distributed at the option of the mortgage customer.

From the Bill Digest (HB 1874), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 13, 1991
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Dennis Braddock (D-42)
Introduced
February 13, 1991 in the House
Last action
January 13, 1992

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 1874 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page