Committee approves substitute to make partial-mortgage payment option voluntary
The House Financial Services Committee adopted a substitute to HB 55 that removes a proposed mandate and makes offering a partial-mortgage-payment option voluntary for banks, credit unions and other lenders; the substitute passed and the bill was given a favorable report.
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The House Financial Services Committee adopted a substitute to HB 55 that would make it voluntary — not mandatory — for mortgage lenders and credit unions to offer customers the option to make partial mortgage payments during the month.
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