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AI Summary: The bill "Mortgage Servicers Disburse Insurance Proceeds" aims to require mortgage servicers to timely disburse insurance proceeds for property repairs after a natural disaster. It mandates that servicers release funds within specified timeframes to facilitate prompt repairs and prevent delays in restoring damaged properties. This bill intends to streamline the process of disbursing insurance funds, ensuring efficient recovery efforts post-disaster and minimizing disruptions for homeowners.
Latest Action: Introduced In House - Assigned to Business Affairs & Labor
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Actions (14):
2024-01-10 : Introduced In House - Assigned to Business Affairs & Labor
2024-01-31 : House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
2024-02-05 : House Second Reading Special Order - Passed with Amendments - Committee, Floor
2024-02-06 : House Third Reading Passed - No Amendments
2024-02-09 : Introduced In Senate - Assigned to Business, Labor, & Technology
2024-03-26 : Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
2024-04-01 : Senate Second Reading Special Order - Passed with Amendments - Floor
2024-04-02 : Senate Third Reading Passed - No Amendments
2024-04-03 : House Considered Senate Amendments - Result was to Laid Over Daily
2024-04-05 : House Considered Senate Amendments - Result was to Concur - Repass
2024-05-02 : Signed by the Speaker of the House
2024-05-02 : Signed by the President of the Senate
2024-05-03 : Sent to the Governor
2024-05-17 : Governor Signed
Democrat Republican
74%
26%
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