Amend CSHB 1831 (house committee report) by adding the 
following appropriately numbered SECTION to the bill and 
renumbering subsequent SECTIONS of the bill accordingly:
	SECTION ____.  Title 5, Finance Code, is amended by adding 
Chapter 397 to read as follows:

CHAPTER 397.  MORTGAGE SERVICERS
	Sec. 397.001.  DEFINITIONS.  In this chapter, "mortgage 
servicer" and "mortgagee" have the meanings assigned by Section 
51.0001, Property Code.
	Sec. 397.002.  INTEREST ON DISASTER REPAIR MONEY HELD BY 
MORTGAGE SERVICER.  (a)  A mortgage servicer holding money for more 
than 10 business days that is received from an insurance provider 
for repairs to a mortgagee's property following a disaster declared 
under Section 418.014, Government Code, shall pay interest to the 
mortgagee.
	(b)  For purposes of interest payments, the interest shall 
accrue from the time a mortgage servicer receives the money from an 
insurance provider.
	(c)  The interest rate that applies for the first 10 days 
after the money is received must be not less than the rate that the 
mortgage servicer receives on money held in the account in which the 
mortgage servicer held the money received from the insurance 
provider.
	(d)  The interest rate that applies after the 10th day is the 
minimum rate described by Subsection (c) plus two percent a year.