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Mortgage Servicers Disburse Insurance Proceeds

It became law on May 17, 2024.

CO HB 24-1011 · House Bill · 2024A

Stage
Became law
Started in
House
Sponsors
4
Latest action
May 17, 2024

What it does

The act requires a mortgage servicer, upon the request of a borrower, to disclose certain information to the borrower concerning the disbursement of insurance proceeds to the borrower in the event that a residential property that is subject to a mortgage is damaged or destroyed and an insurance company pays a claim associated with such damage or destruction.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 17, 2024

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Colorado.

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Mortgage Servicers Disburse Insurance Proceeds | 52