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2001 SESSION

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HB 2576 Mortgage lenders; notice of change of address to insurers.

Introduced by: Robert F. McDonnell | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Mortgage lenders; notice of change of address to insurers. Requires mortgage lenders holding money in escrow for insurance premiums to notify the insurer in writing within the later of 30 days of a change of the mortgage lender's billing address, or 60 days prior to the renewal date of the insurance policy.

SUMMARY AS PASSED HOUSE:

Mortgage lenders; notice of change of address to insurers. Requires mortgage lenders holding money in escrow for insurance premiums to notify the insurer in writing within the later of 30 days of a change of the mortgage lender's billing address, or 60 days prior to the renewal date of the insurance policy.

SUMMARY AS INTRODUCED:

Mortgage lenders; notice of change of address to insurers. Requires mortgage lenders holding money in escrow for insurance premiums to notify the insurer in writing within 14 days of a change of the mortgage lender's billing address.