HB 55 Alabama House · 2026 Regular Session

Mortgages; authorize lenders to mortgagors to make additional mortgage payments

HB 55 requires Alabama financial institutions (like banks and credit unions) to allow homeowners with mortgages to choose biweekly or semi-monthly payment schedules. Homeowners could also make extra payments directly to their mortgage principal without penalties. The bill specifies that any additional payments beyond the regular amount would first cover escrow shortages (for taxes/insurance) before reducing the principal. This policy directly affects homeowners seeking more flexible payment options and lenders operating in Alabama.

Bill status signed all 5 stages cleared

Introduction

Nov 2025

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Apr 2026

Signed into Law

Apr 2026

Introduced Nov 5, 2025 Signed Apr 16, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 2 edits · Apr 16, 2026

MINOR

The bill was finalized for signature by adding official signatures from the Speaker of the House and the Senate President. The text of the law itself, which allows mortgage servicers to accept biweekly or semi-monthly payments without penalty, remained unchanged. A minor administrative correction was made to the bill's internal tracking number.

TECHNICAL

Added signature lines for the Speaker of the House and the President of the Senate to certify the bill's passage.

Updated the internal bill tracking number from 'EJWTT2C-2' to 'EJWTT2C-3'.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 8, 2026

Upper · Passed

Motion to Read a Third Time and Pass - Adopted Roll Call 1287

upper

Mar 17, 2026

Upper · Passed

Reported Out of Committee Second House

upper

Mar 3, 2026

Upper · Passed

Pending Committee Action in Second House (Banking and Insurance)

upper

Mar 3, 2026

Lower · Passed

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 706

lower

Mar 3, 2026

Lower · Passed

Motion to Adopt - Adopted Roll Call 705

lower

Mar 3, 2026

Introduced

Bolton 1st Amendment Offered

lower

Mar 3, 2026

Lower · Passed

Motion to Adopt - Adopted Roll Call 704

lower

Mar 3, 2026

Introduced

Financial Services 1st Substitute Offered (Financial Services)

lower

Feb 25, 2026

Lower · Passed

Reported Out of Committee House of Origin

lower

Jan 13, 2026

Lower · Passed

Pending Committee Action in House of Origin (Financial Services)

lower

1 primary · 0 co-sponsors