H1146
An Act to establish a Resolution Trust Fund for receipt of reasonable mortgage payments
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes the creation of a publicly managed trust fund designed to collect ‘reasonable’ mortgage payments. The fund’s purpose is to handle mortgage payments related to properties acquired through the Resolution Trust Corporation (RTC). This would establish a mechanism for managing and distributing these payments, potentially addressing issues related to past RTC actions and outstanding mortgage obligations.
Key provisions
- Establishment of a Resolution Trust Fund.
- The fund will receive ‘reasonable’ mortgage payments.
- The fund will be publicly owned and administered.
- The fund is intended to handle mortgage payments from RTC properties.
- The bill references previous attempts to create similar funds.
Who is affected
- Mortgage holders
- The Resolution Trust Corporation (RTC)
- State government (through the trust fund)
- Potential beneficiaries of mortgage payments
Notable changes
- This bill seeks to create a new system for managing mortgage payments associated with RTC assets.
- The term ‘reasonable’ mortgage payments is central to the fund’s operation.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Michelle M. DuBois
Cosponsor
Michelle M. DuBois
Arguments in favor
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Bill H.1146 194th (Current)
An Act to establish a Resolution Trust Fund for receipt of reasonable mortgage payments
By Representative DuBois of Brockton, a petition (accompanied by bill, House, No. 1146) of Michelle M. DuBois for legislation to establish a publicly owned and administered trust fund for receipt of reasonable mortgage payments. Financial Services.
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Bill Information
Bill Information
Presenter: Michelle M. DuBois
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 4 actions for Bill H.1146
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate concurred |
| 4/8/2025 | Joint | Hearing scheduled for 04/15/2025 from 10:00 AM-01:00 PM in A-2 |
| 11/10/2025 | House | Accompanied a study order, see H4712 |
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