HB304
Conventional home mortgage loans; assumption provisions.
Status:
In Senate
Latest Action:
Feb. 5, 2026
House: Fiscal Impact Statement from State Corporation Commission (HB304)
Chief Patron:
Rip Sullivan (D)
Session:
2026 Regular Session
Summary
As Introduced. Conventional home mortgage loans; assumption provisions.
Requires any lender for any conventional home mortgage loan secured on or after July 1, 2026, by a mortgage or deed of trust on owner-occupied residential real estate to include provisions in such loan to allow for any of the existing borrowers to purchase the property interest of another borrower ... (More) on the loan by assuming the seller's portion of the mortgage in connection with a decree of annulment or divorce if the assuming borrower qualifies for the underlying loan, as determined by the lender. (Less)-
Bill History
- 01/09/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26101895D
- 01/09/2026 - House: Referred to Committee on Labor and Commerce
- 01/19/2026 - House: Assigned HCL sub: Subcommittee #1
- 01/19/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB304)
- 01/23/2026 - House: Placed on Labor and Commerce Agenda
- 01/27/2026 - House: House subcommittee offered
- 01/27/2026 - House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
- 01/28/2026 - House: Placed on Labor and Commerce Agenda
- 01/29/2026 - House: Reported from Labor and Commerce with amendment(s) (22-Y 0-N)
- 02/02/2026 - House: Read first time
- 02/03/2026 - House: Read second time
- 02/03/2026 - House: committee amendments agreed to
- 02/03/2026 - House: Engrossed by House as amended
- 02/04/2026 - House: Read third time and passed House (97-Y 1-N 0-A)
- 02/04/2026 - House: Reconsideration of passage agreed to by House
- 02/04/2026 - House: Passed House (98-Y 0-N 0-A)
- 02/05/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/05/2026 - Senate: Referred to Committee on Commerce and Labor
- 02/05/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB304)
