Increases the time that mortgage foreclosure notices are required to be provided to active military service members, from nine (9) months to one year, after completion of their active duty.
Impact
The bill's provisions are crucial in reinforcing the property rights of servicemembers who may face unique challenges when returning home after military service. By extending the notice period, H8103 recognizes the difficulties associated with transitioning back to civilian life and aims to prevent abrupt financial repercussions that could arise due to misunderstandings or lack of timely notifications regarding foreclosure actions. The bill is seen as a measure to uphold fairness and equity in dealings with those who serve the country.
Summary
House Bill H8103 seeks to amend existing legislation concerning mortgage foreclosure and sales related to active military service members. The primary change proposed in the bill is the extension of the period during which foreclosure notices must be given to active duty servicemembers from nine months to one year following their completion of service. This amendment aims to provide servicemembers with additional protections against foreclosure actions, allowing them more time to address their financial obligations after returning from active duty.
Contention
Notably, potential points of contention surrounding H8103 include the balance between creditor rights and the protections afforded to servicemembers. Critics of the bill may argue that extending the notice period could inhibit the ability of lenders to recover assets in a timely manner, especially in cases of default. Supporters, however, will likely contend that the importance of ensuring that those who have served in the military are not unduly burdened when they return home outweighs any financial inconvenience faced by lenders.
Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Requires that present and former employees, active and retired members, and beneficiaries receiving any retirement, disability or death allowance receive a $2,000 increase per year.
Creates process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions by mailing a written request for approval to the unit mortgagees via regular and certified mail.
Creates process for condominium associations to give notice to and obtain approval from unit mortgage holders for certain association actions by mailing a written request for approval to the unit mortgagees via regular and certified mail.
Increases the maximum fill for non-opioid, non-narcotic controlled substances found in schedule II, so that a ninety-day (90) supply may be dispensed at any one time.
Provides that prisoners who committed offenses prior to age 18 and sentenced as adults would be eligible for parole after completing 15 yrs of their sentence/does not lengthen their eligibility should prisoner be eligible for parole earlier than 15 yrs.
Provides that fees for costs charged for search, retrieval or copying of public records shall be waived for members of the general assembly who certify that they are acting in their official capacity.
Provides that fees for costs charged for search, retrieval or copying of public records shall be waived for members of the general assembly who certify that they are acting in their official capacity.