Checkmark
Legislation watch
House Roll Call 125 on
2012 Senate Bill 992: Clarify mortgage loan contract “non-recourse” provision rules

To clarify that mortgage loan contracts that contain “non-recourse loan provisions” cannot be made into a recourse loan by a “post closing solvency covenant" or other device. Practically all residential mortgages are “non-recourse” loans, meaning that although the lender can take back the home, he can’t go after (“have recourse to”) a delinquent borrower’s other property or income.

View the rest of Senate Bill 992: History, Amendments & Comments 

facebook  twitter  View comments  Print-friendly version

Vote
In Favor In Favor
Against Against
Not Voting Not Voting
 Undecided
Republican
821882%
158515%
1991%
63 total votes
Democrat
95595%
4964%
1000%
47 total votes

What do you think? In Favor Against Undecided (sign in required)

Add to your scorecard as In Favor or Against (select a scorecard)


IN FAVOR

HOUSE DEMOCRATS

HOUSE REPUBLICANS


AGAINST

HOUSE DEMOCRATS

HOUSE REPUBLICANS


HOUSE LEGISLATORS WHO DID NOT VOTE

HOUSE LEGISLATORS ORDERED BY NAME


House Roll Call 125 on 2012 Senate Bill 992

Comments