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AR HB2048

Bill

Official Source

Status

Passed

4/10/2017

Primary Sponsor

Laurie Rushing

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 23-62-105(a)(15)(B) regarding transactions not covered by mortgage lien protection
  • Increases the maximum coverage limit for mortgage lien protection from $100,000 to $250,000
  • Maintains existing exclusions for purchase money mortgages, title transfers, coverage beyond loan term, and diminution in property value
  • Approved April 7, 2017

Legislative Description

To Amend The Law Concerning Casualty Insurance Coverage And Mortgage Lien Protection.

Last Action

Notification that HB2048 is now Act 1082

4/10/2017

Committee Referrals

Insurance & Commerce3/21/2017
Insurance and Commerce3/9/2017

Full Bill Text

No bill text available