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A BILL TO BE ENTITLED
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AN ACT
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relating to disclosure of home mortgage information to a surviving |
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spouse. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 343, Finance Code, is |
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amended by adding Section 343.103 to read as follows: |
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Sec. 343.103. DISCLOSURE OF MORTGAGE INFORMATION TO |
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SURVIVING SPOUSE. (a) In this section, "mortgage servicer" and |
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"mortgagor" have the meanings assigned by Section 51.0001, Property |
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Code. |
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(b) Not later than the 30th day after a mortgage servicer of |
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a home loan receives a request for the information from the |
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surviving spouse of a mortgagor of the home loan, accompanied by the |
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proof required under Subsection (c), the mortgage servicer shall |
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provide the surviving spouse with information including: |
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(1) documentation regarding the promissory note; |
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(2) balance information; and |
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(3) other information the mortgage servicer provided |
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to the mortgagor. |
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(c) A surviving spouse must prove the person's status by |
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providing: |
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(1) a death certificate of the mortgagor; and |
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(2) an affidavit stating the surviving spouse was |
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married to the mortgagor at the time of the mortgagor's death. |
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SECTION 2. This Act takes effect September 1, 2015. |