TITLE INS-MORTGAGE ASSUMPTION
Summary
Amends the Title Insurance Act. Provides that a corporation authorized to do business under the Act shall notify, in writing, the mortgagor and the third-party involved in a mortgage assumption transaction that when the mortgage is being assumed by the third-party and the third-party fails to pay the mortgage, the mortgagor may be responsible for the mortgage. Effective January 1, 2014.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2013
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Dec 3, 2014
House · Failed
Session Sine Die
Mar 22, 2013
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 19, 2013
House · Referred to committee
Assigned to Financial Institutions Committee
Feb 13, 2013
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Pam Roth
RRepublican
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