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HD 2128

An Act providing mortgage customers additional mandatory information regarding their accounts

194th Legislature (2025-2026) Introduced by Bruce Ayers

HD 2128: An Act providing mortgage customers additional mandatory information regarding their accounts OverviewBill Number: HD 2128 Title: An Act providing mortgage customers addi

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Bill Summary · HD 2128

HD 2128: An Act providing mortgage customers additional mandatory information regarding their accounts

Overview

Bill Number: HD 2128
Title: An Act providing mortgage customers additional mandatory information regarding their accounts
Status: Proposed bill
Introduced: November 29, 2025

Purpose and Intent

The primary goal of this proposed legislation is to enhance transparency and provide mortgage customers with more detailed information about their loan accounts. The bill aims to empower consumers by ensuring they have access to comprehensive data about the status and terms of their mortgages.

Key Provisions

  • Requires mortgage servicers to provide customers with a detailed monthly statement including:
    • Current principal balance
    • Applicable interest rate
    • Breakdown of payments applied to interest, principal, and escrow
    • Itemized list of all fees charged that month
    • Remaining term of the loan
    • Contact information for the servicer's customer support
  • Mandates that servicers notify customers at least 60 days in advance of any changes to the interest rate or monthly payment amount
  • Establishes new requirements for the format and delivery method of monthly statements to ensure they are easy to understand

Affected Parties and Impacts

This bill would impact all residential mortgage customers in the state, providing them with more detailed information to better manage their home loans. Mortgage servicers would be required to update their billing and notification processes to comply with the new transparency requirements.

Supporters argue the additional disclosures will help consumers avoid surprises, track their progress, and make more informed decisions about their mortgages. Critics contend the new mandates could increase administrative costs for servicers, potentially leading to higher fees for customers.

Procedural and Timeline Considerations

HD 2128 was introduced in the state legislature on November 29, 2025 and has been referred to the Joint Committee on Financial Services for review. A public hearing is scheduled for January 15, 2026, after which the committee will decide whether to advance the bill for a full floor vote. If passed by the legislature, the bill would then go to the governor for signature or veto.

Compiled from official sources — confirm details with the bill’s official record.

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