Friday, August 29, 2014

HB 1303 - Mortgage Principal Reduction Program

General Bill   by Torres
Mortgage Principal Reduction Program: Creates "Mortgage Principal Reduction Act"; requires that Florida Housing Finance Corporation apply to United States Department of Treasury to request funds from federal Hardest-Hit Fund program to establish new state program to reduce principal on mortgages for persons whose homestead property in this state is in foreclosure; requires corporation to use allocated funds to purchase delinquent mortgages from lenders at discount to reduce mortgage principal amount due on mortgage; creates application process & corporate procedures; specifies that only members of The Florida Bar & HUD-certified counselors working for nonprofit entity may assist program applicants in applying for or program participants in servicing loan created by program; requires that corporation submit monthly reports to Office of Governor, President of Senate, & Speaker of House of Representatives.
Effective Date: July 1, 2013
Last Event: Died in Economic Development & Tourism Subcommittee on Friday, May 03, 2013 7:16 PM

Referred Committees and Committee Actions

Related Bills

Bill # Subject Relationship
SB 1236 Mortgage Principal Reduction Program Identical

Bill Text

Staff Analysis

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Vote History

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Bill History

Event Time Member Committee
Died in Economic Development & Tourism Subcommittee Friday, May 03, 2013 7:16 PM Economic Development & Tourism Subcommittee
Now in Economic Development & Tourism Subcommittee Friday, March 08, 2013 3:52 PM Economic Development & Tourism Subcommittee
Referred to Economic Affairs Committee Friday, March 08, 2013 3:52 PM Economic Affairs Committee
Referred to Transportation & Economic Development Appropriations Subcommittee Friday, March 08, 2013 3:52 PM Transportation & Economic Development Appropriations Subcommittee
Referred to Insurance & Banking Subcommittee Friday, March 08, 2013 3:52 PM Insurance & Banking Subcommittee
Referred to Economic Development & Tourism Subcommittee Friday, March 08, 2013 3:52 PM Economic Development & Tourism Subcommittee
1st Reading Tuesday, March 05, 2013 11:59 PM
Filed Monday, March 04, 2013 12:36 PM Torres
 

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