Senate Bill 689/House Bill 1018 Conventional Home Mortgage Loans-- Assumption and Disclosures

October 1, 2025

This bill requires banking institutions, credit unions, and mortgage lenders to include a provision in all conventional home mortgage loans that allows any of the existing borrowers to assume the mortgage in the event of a divorce. This applies to both new and existing mortgages.


You can review the new legislation in full here.