Senate Releases 2017 Interim Legislative Charges: Hurricane Harvey Response
By TLTA Staff
Sept. 28, 2017
On Thursday, Sept. 28, the Office of the Lieutenant Governor released the 2017 Interim Legislative Charges: Hurricane Harvey Response. The items impacting the title insurance industry are the Business and Commerce Committee charges:
Examine state mortgage requirements regarding the notification of homebuyers on their need for flood insurance in flood plains and flood pool areas and make recommendations on how to better inform consumers.
Examine and make recommendations on the need for changes to the Texas Constitution for home equity lenders to offer various forms of relief to Texas homeowners affected by natural disasters including, among others, the authority to enter into deferment agreements. This examination should include a study of home equity rules regarding negotiation, modification and refinancing and whether constitutionally established time periods can be waived in times of disasters.
Read the Full List of Interim Changes »