HB 8104: AN ACT RELATING TO PROPERTY -- MORTGAGES OF REAL PROPERTY
HB 8104 status: To Governor — 06/26/2026 Effective without Governor's signature (updated Jun 26, 2026).
What this bill does
Overall score
Bill summary
OfficialNew rules about paying off your mortgage early only apply to homes where the owner lives, as long as the building has 4 or fewer units.
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental regulations
Risks
- No direct impact on environmental regulations
Economy
Benefits
- Increases consumer protection for residential homeowners
- Reduces costs associated with mortgage prepayment for protected units
Risks
- May lead to adjustments in lender product offerings
- Potential for tightened underwriting to compensate for lost fee revenue
Society
Benefits
- Protects homeowners from potentially predatory prepayment rules
- Encourages residential stability for owner-occupants
Risks
- Narrow application may exclude owners of non-residential property
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Lenders may increase interest rates or change other mortgage terms to compensate for restricted prepayment fee flexibility
Analysis based solely on abstract
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
Current06/26/2026 Effective without Governor's signature
Enacted
UpcomingHow it affects your district
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