[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-281354-105":53,"doc-detail-281354-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","house-of-representatives-staff-analysis-bill-cscshb-353-mortgage-payoff-letters","HOUSE OF REPRESENTATIVES STAFF ANALYSIS - BILL CS/CS/HB 353 Mortgage Payoff Letters","","Staff analysis addresses Florida mortgage payoff letters required when a mortgagor sells, refinances, or pays off a mortgage loan secured by real property. Current law mandates delivery of an unpaid-balance payoff letter within 14 days and requires written satisfaction filings and related notice within specified timelines. The bill’s changes focus on reducing the delivery period to 10 days, standardizing letter contents, limiting disclaimer language, enabling corrected letters under conditions, and requiring prompt application of amounts. It also establishes process requirements and clarifies enforceability. No fiscal impact is reported for state and local governments.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/house-of-representatives-staff-analysis-bill-cscshb-353-mortgage-payoff-letters/281354/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/house-of-representatives-staff-analysis-bill-cscshb-353-mortgage-payoff-letters/281354.png","ImageObject",442,249,{"name":88,"@type":89},"Dipper","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What triggers the request for a mortgage payoff letter under Florida law?","Question",{"text":109,"@type":110},"A mortgagor may request a mortgage payoff letter when selling the property that secures the mortgage, refinancing the mortgage, or paying off the mortgage loan. The bill also identifies authorized requestors such as record title owners and certain fiduciaries or trustees acting on their behalf.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the bill change the timeline for delivering a mortgage payoff letter?",{"text":114,"@type":110},"The bill reduces the delivery timeframe from 14 days to 10 days after the lender or servicer receives a written request.",{"name":116,"@type":107,"acceptedAnswer":117},"What does the bill do regarding disclaimer language or reserved rights in payoff letters?",{"text":118,"@type":110},"Except in foreclosure or bankruptcy situations, it prohibits the lender or servicer from qualifying, reserving rights to change, or disclaiming reliance on the information in a mortgage payoff letter. Attempts to do so are void and unenforceable.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},281354,1791231949,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":101,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":76},1374404997633,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","HOUSE OF REPRESENTATIVES STAFF ANALYSIS  \nBILL \\#: CS/CS/HB 353 Mortgage Payoff Letters  \nSPONSOR(S): Civil Justice & Property Rights Subcommittee, Insurance & Banking Subcommittee, Fabricio  \nTIED BILLS: IDEN./SIM. BILLS: CS/SB 1016  \n\n| REFERENCE | ACTION | ANALYST | STAFF DIRECTOR or BUDGET/POLICY CHIEF |\n| --- | --- | --- | --- |\n| 1) Insurance & Banking Subcommittee | 16 Y, 0 N, As CS | Hinshelwood | Luczynski |\n| 2) Civil Justice & Property Rights Subcommittee | 17 Y, 0 N, As CS | Mathews | Jones |\n| 3) Commerce Committee | 22 Y, 0 N | Hinshelwood | Hamon |\n\nSUMMARY ANALYSIS  \nA mortgage payoff letter may be requested by a mortgagor who is selling the property that is collateral for the mortgage loan, refinancing the mortgage loan, or paying off the mortgage loan. Florida law requires that a mortgage lender or servicer deliver to the requestor, within 14 days after receipt of a written request, a mortgage payoff letter with the unpaid balance of the loan. When a mortgage loan has been fully paid, the mortgage lender or servicer must execute in writing an instrument acknowledging satisfaction of the mortgage and have the instrument acknowledged and duly entered in the official records of the proper county. Within 60 days after receiving full payment of the mortgage loan, the mortgage lender or servicer must send the borrower the recorded satisfaction.  \nA mortgage payoff letter may sometimes include language reserving the mortgage servicer’s or lender’s right to change the amounts listed in the payoff letter and disclaiming the reliance of others on the payoff letter. In the event that the mortgage lender or servicer determines after sending the mortgage payoff letter that the borrower owes additional money, the mortgage lender or servicer may sometimes return the funds received from the closing which were sent in reliance on the amount stated in the mortgage payoff letter. In turn, this may cause continued accrual of interest and potential fees during the pendency of resolving the discrepancy in the amount owed. Further, as long asthe discrepancy or dispute remains unresolved , there may not be clear title to the property.  \nThe bill:  \n􀁸 Includes legislative findings that a mortgage payoff letter’s accuracy and timeliness are critical, and that the addition of disclaimer language within such letters creates unnecessary delays within the real estate market.  \n􀁸 Reduces from 14 days to 10 days the timeframe within which a lender or servicer must send a requested mortgage payoff letter.  \n􀁸 Standardizes the contents of the mortgage payoff letter as to all of the authorized requestors.  \n􀁸 Except where the property is in foreclosure or the borrower is in bankruptcy, prohibits the lender or servicer , from qualifying, reserving the right to change, or conditioning or disclaiming the reliance of others on the information provided in a mortgage payoff letter; and provides that any attempt to do so is void and unenforceable.  \n􀁸 Allows the lender or mortgage servicer to send a corrected mortgage payoff letter superseding a prior payoff letter so long as the corrected payoff letter is received [by 3 p.m. at](by 3 p.m. at) least one business day before payment is made in reliance on the payoff letter.  \n􀁸 Prohibits the lender or servicer from denying the accuracy of the mortgage payoff letter against any person who relied on it.  \n􀁸 Requires the lender or servicer to promptly apply a payment received in reliance on the payoff letter.  \n􀁸 Specifies the process by which a mortgage payoff letter may be requested and sent.  \n􀁸 Requires the lender or servicer, within 60 days after the mortgage loan has been paid pursuant to the mortgage payoff letter, to execute, have duly entered in the official records of the proper county, and send to the mortgagor or record title owner an instrument acknowledging satisfaction of the mortgage.  \nThe bill has no fiscal impact on state and local governments and an indeterminate fiscal impact on the p","cbCaifaaERjEm8vw","https://ap.wps.com/l/cbCaifaaERjEm8vw","pdf",176539,"English","# Summary Analysis\n## Background\n## Mortgage Payoff Letters\n## Full Analysis","[{\"question\":\"What triggers the request for a mortgage payoff letter under Florida law?\",\"answer\":\"A mortgagor may request a mortgage payoff letter when selling the property that secures the mortgage, refinancing the mortgage, or paying off the mortgage loan. The bill also identifies authorized requestors such as record title owners and certain fiduciaries or trustees acting on their behalf.\"},{\"question\":\"How does the bill change the timeline for delivering a mortgage payoff letter?\",\"answer\":\"The bill reduces the delivery timeframe from 14 days to 10 days after the lender or servicer receives a written request.\"},{\"question\":\"What does the bill do regarding disclaimer language or reserved rights in payoff letters?\",\"answer\":\"Except in foreclosure or bankruptcy situations, it prohibits the lender or servicer from qualifying, reserving rights to change, or disclaiming reliance on the information in a mortgage payoff letter. Attempts to do so are void and unenforceable.\"}]","HOUSE OF REPRESENTATIVES STAFF ANALYSIS - BILL CS/CS/HB 353 Mortgage Payoff Letters | PDF",1789565669]