| HB901 | REQUIRE FINANCIAL INSTITUTIONS TO PAY PROPERTY TAXES FROM ESCROW ACCOUNTS ONLY ONCE A YEAR. |
| Sponsor: | Backer, Gracia Y. (20) | Effective Date:00/00/0000 | |||
| CoSponsor: | Kreider, Jim (142) | LR Number:1810-01 | |||
| Last Action: | COMMITTEE: BANKS AND FINANCIAL INSTITUTIONS | ||||
| 03/25/1999 - Reported Do Pass (H) | |||||
| HB901 | |||||
| Next Hearing: | Hearing not scheduled | ||||
| Calendar: | Bill currently not on calendar | ||||
| ACTIONS | HEARINGS | CALENDAR |
| BILL SUMMARIES | BILL TEXT | FISCAL NOTES |
| HOUSE HOME PAGE | BILL SEARCH | |
HB 901 -- PROPERTY TAX OBLIGATIONS CO-SPONSORS: Backer, Kreider COMMITTEE ACTION: Voted "do pass" by the Committee on Banks and Financial Institutions by a vote of 23 to 0. This bill requires financial institutions which are mortgage servicers to pay annual property tax obligations from escrow accounts which they service. FISCAL NOTE: No impact on state funds. PROPONENTS: Supporters say that this bill would allow mortgage service companies to pay their tax obligations annually. Testifying for the bill were Representative Backer; American Financial Tax Institute; and Mortgage Bankers Association. OPPONENTS: There was no opposition voiced to the committee. Bob Dominique, Legislative Analyst
HB 901 -- Property Tax Obligations Co-Sponsors: Backer, Kreider This bill requires financial institutions which are mortgage servicers to pay annual property tax obligations from escrow accounts which they service.
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Last Updated September 30, 1999 at 1:28 pm