SB 1236 (2013) -  Mortgage Principal Reduction Program

by Soto
Creating the “Mortgage Principal Reduction Act”; requiring that the Florida Housing Finance Corporation apply to the United States Department of the Treasury by a specified date to request funds not to exceed a specified amount from the federal Hardest-Hit Fund program to establish a new state program to reduce the principal on mortgages for persons whose homestead property in this state is in foreclosure; requiring the corporation to use the allocated funds to purchase delinquent mortgages on such property from lenders at a discount to reduce the mortgage principal amount due on the mortgage, etc.
Effective Date: 07/01/2013
Last Event: 05/03/13 S Died in Judiciary on Friday, May 3, 2013 7:16 PM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
  • Banking and Insurance
  • Appropriations Subcommittee on Transportation, Tourism, and Economic Development
  • Appropriations

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Judiciary Time: 05/03/2013 - 7:16 PM Member: Committee: Version: __
Event: S Introduced -SJ 91 Time: 03/05/2013 - 8:18 AM Member: Committee: Version: __
Event: S Referred to Judiciary; Banking and Insurance; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations -SJ 91 Time: 03/01/2013 - 2:58 PM Member: Committee: Version: __
Event: S Filed Time: 02/27/2013 - 8:12 AM Member: Committee: Version: __