BILL · 2009–10 SESSION
HB 3214: Foreclosure alternative
Creating an alternative to foreclosure based on shared appreciation.
Summary
- Creates incentives for lenders to renegotiate loans for borrowers who have negative equity but are able to pay a lower mortgage that reflects the actual value of the house.
From the Bill Digest (HB 3214), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedMar 18, 2010
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Zack Hudgins (D-11)
- Introduced
- March 18, 2010 in the House
- Last action
- March 18, 2010
AN ACT Relating to creating an alternative to foreclosure based on shared appreciation;
Sponsors
Prime sponsor: Zack Hudgins (D-11)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Judiciary.
HB 3214 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 3214 (2007–08) Affordable housing
- HB 3214 (2005–06) Career & tech high school
- HB 3214 (2003–04) Emergency respite centers