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House Roll Call 125 on
2012 Senate Bill 992: Clarify mortgage loan contract “non-recourse” provision rules

To clarify that mortgage loan contracts that contain “non-recourse loan provisions” cannot be made into a recourse loan by a “post closing solvency covenant" or other device. Practically all residential mortgages are “non-recourse” loans, meaning that although the lender can take back the home, he can’t go after (“have recourse to”) a delinquent borrower’s other property or income.

View the rest of Senate Bill 992: History, Amendments & Comments 

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IN FAVOR

HOUSE DEMOCRATS

HOUSE REPUBLICANS


AGAINST

HOUSE DEMOCRATS

HOUSE REPUBLICANS


HOUSE LEGISLATORS WHO DID NOT VOTE

HOUSE LEGISLATORS ORDERED BY NAME


House Roll Call 125 on 2012 Senate Bill 992