Prohibits mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits
Summary
Prohibits mortgagees from requiring mortgagors of certain residential real property to purchase flood insurance exceeding a coverage amount that exceeds the balance as of the beginning of the year for which the policy shall be in effect, or that includes coverage for contents.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2023
Committee Review
Apr 2024
Assembly Passage
Apr 2024
Senate Passage
Jun 2024
Signed into Law
Dec 2024
Introduced Mar 2, 2023
Signed Dec 13, 2024
Floor votes · Senate Jun 5, 2024 · Assembly Mar 28, 2023
How they voted
59–0
Passed · 3 other
Total votes 62
Jun 5, 2024
D
Democratic41
95% Yea
R
Republican21
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
5
Committee
3
Amendments
1
Dec 13, 2024
Signed into law
SIGNED CHAP.557
lower
Jun 5, 2024
Upper · Passed
PASSED SENATE
upper
Apr 16, 2024
Committee
REFERRED TO JUDICIARY
upper
Apr 16, 2024
Lower · Passed
PASSED ASSEMBLY
lower
Apr 3, 2024
Lower · Passed
AMENDED ON THIRD READING 5073A
lower
Mar 28, 2023
Committee
REFERRED TO JUDICIARY
upper
Mar 28, 2023
Lower · Passed
PASSED ASSEMBLY
lower
Mar 2, 2023
Committee
REFERRED TO JUDICIARY
lower
1 primary · 6 co-sponsors
Sponsors
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