Bill Title: As introduced, enacts the "Nonrecourse Mortgage Loan Act", which prohibits certain covenants from being used as a nonrecourse carveout or the basis for a claim or action against a borrower, guarantor, or surety on a nonrecourse loan. - Amends TCA Title 45; Title 47 and Title 66.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2014-01-29 - P2C, ref. to S. C&L Comm. [SB2334 Detail]

Text: Latest bill text (Draft #1) [PDF]

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