HB 1303 (2013) -  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 3, 2013 7:16 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1236 Subject: Mortgage Principal Reduction Program Relationship: Identical

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Development & Tourism Subcommittee Time: 05/03/2013 - 7:16 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 03/08/2013 - 3:52 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/08/2013 - 3:52 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Transportation & Economic Development Appropriations Subcommittee Time: 03/08/2013 - 3:52 PM Member: Committee: Transportation & Economic Development Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/08/2013 - 3:52 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/08/2013 - 3:52 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/05/2013 - 11:59 PM Member: Committee: Version: __
Event: H Filed Time: 03/04/2013 - 12:36 PM Member: Torres Committee: Version: __