WeVote
Log In

Bill

Bill

A 8244

Grants a right of action where registration fees are imposed on mortgagors in default

2025 Regular Session Introduced by Crystal Peoples-Stokes

Creates a civil right of action for mortgage borrowers in default charged registration fees, allowing them to sue lenders/servicers for unlawful fees and seek remedies.

REFERRED TO JUDICIARY
0
WeVote Research Nonpartisan
Bill Summary · A 8244

Summary of Assembly Bill A 8244

Overview

Assembly Bill A 8244 seeks to create a legal remedy for mortgagors who are in default and are charged “registration fees.” The bill would grant a right of action (a civil cause of action) related to the imposition of such fees. The exact remedies, defenses, and procedural rules would be set forth in the bill’s text.

  • Bill Number: A 8244
  • Title: Grants a right of action where registration fees are imposed on mortgagors in default
  • Status: REFERRED TO JUDICIARY
  • Introduced: May 5, 2025
  • Classification: bill

Purpose and Key Provisions (high level)

  • Central aim: Provide mortgagors in default with a civil remedy if registration fees are imposed on them.
  • Core concept: Establishes a right of action for individuals in default on a mortgage when registration fees are charged to them.
  • Details not included in the summary: The specific scope of the action (who can sue, who may be sued), what constitutes a valid versus improper fee, applicable damages or remedies (e.g., monetary damages, injunctive relief), statute of limitations, defenses, and any required procedural steps. The bill text would specify these elements.

Affected Parties

  • Primary beneficiaries: Mortgagors in default who are charged registration fees.
  • Potential defendants: Mortgage lenders, loan servicers, or other entities responsible for imposing the registration fees.
  • Other stakeholders may include mortgage holders and possibly recording authorities, depending on how “registration fees” are defined in the bill.

Procedural and Timeline Details

  • Introduced: May 5, 2025.
  • Legislative action: Referred to the Assembly Judiciary Committee on May 5, 2025 (noted twice in the actions list, indicating a single action recorded in each entry).
  • Companion bill: S 7933 in the Senate (identified as the companion measure).

Sponsor and Related Legislation

  • Primary sponsor: Crystal Peoples-Stokes.
  • Related/Companion: S 7933 (Senate), indicating parallel consideration in the upper chamber.

Potential Impact and Considerations

  • Consumer protection: If enacted, the bill could strengthen protections for borrowers by ensuring a legal avenue to challenge or recover unlawful registration fees charged during default.
  • Industry impact: Lenders and mortgage servicers may need to adjust practices around imposing registration-related charges and ensure compliance to avoid civil actions.
  • Implementation: The exact remedies, standards of proof, and procedural requirements will determine how burdensome the bill is to administer and defend.

Note: For detailed provisions, including definitions, remedies, limitations, and procedural steps, reviewing the full text of A 8244 is recommended.

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

Sign in to ask a question.