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SB 1142: MORTGAGE SERVICERS; DESTROYED AND DAMAGED RESIDENTIAL REAL ESTATE; DISBURSEMENT OF INSURANCE PROCEEDS

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2025-03-20

Current Status:

In Progress

(2026-04-23: Received notice of Senate conferees (Sen. Com. No. 724).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Requires mortgage servicers to comply with certain requirements regarding the disbursement of insurance proceeds for residential real estate that has been destroyed or damaged.  Effective 7/1/3000.  (HD1)

Discussed in Hearing

House Standing Committee on Finance7MIN
Apr 1, 2025

House Standing Committee on Finance

House Standing Committee on Consumer Protection & Commerce1MIN
Mar 12, 2025

House Standing Committee on Consumer Protection & Commerce

Senate Standing Committee on Commerce and Consumer Protection2MIN
Feb 25, 2025

Senate Standing Committee on Commerce and Consumer Protection

View Older Hearings

News Coverage:

SB 1142: Mortgage Servicers; Destroyed and Damaged Residential Real Estate; Disbursement of Insurance Proceeds | Digital Democracy