Requires licensed mortgage servicers and financial institutions to pay interest on insurance proceeds held for the benefit of consumers. Provides that a fee shall not be charged to the borrower in connection with the maintenance or disbursement of interest earned from interest-bearing accounts. Effective 7/1/2050. (SD1)
- Chamber
- Senate
- Introduced
- Jan 21, 2025
- Last action
- Jan 21, 2025 — Pending Introduction.
- Session
- 2026
- Momentum
- 56 · Moderate