Legislation

Title: Foreclosure - Indorsement of Debt Instrument, Lost Note Affidavit, and Penalties for False Statements
Sponsored by: Senators Benson, Currie, Lee, McFadden, Muse, Ramirez, and Raskin
Status: In the Senate - Unfavorable Report by Judicial Proceedings
Analysis: Fiscal and Policy Note

Synopsis

Altering the requirements for the debt instrument required to be filed with an order to docket or complaint to foreclose a mortgage or deed of trust on residential property; altering the requirements for a lost note affidavit in a residential foreclosure action; providing that a person who knowingly makes a false statement in specified documents required to be filed with a court is guilty of a misdemeanor and if convicted is subject to imprisonment not to exceed 1 year or a fine not to exceed $10,000 or both; applying the Act prospectively.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Details

Cross-filed with: HB1215

Bill File Type: Regular

Effective Date(s): October 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/27/2015 Legislative Date 3/02/2015 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 3/05/2015 Legislative Date 3/06/2015 Action Rereferred to Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/06/2015 Legislative Date 3/06/2015 Action Hearing 3/19 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/25/2015 Legislative Date 3/26/2015 Action Unfavorable Report by Judicial Proceedings Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/27/2015	3/02/2015	First Reading Senate Rules
Senate	3/05/2015	3/06/2015	Rereferred to Judicial Proceedings
Senate	3/06/2015	3/06/2015	Hearing 3/19 at 1:00 p.m.
Senate	3/25/2015	3/26/2015	Unfavorable Report by Judicial Proceedings

Documents

Date Posted	Document Name
3/03/2015	Text - First - Foreclosure - Indorsement of Debt Instrument, Lost Note Affidavit, and Penalties for False Statements
3/26/2015	Vote - Senate - Committee - Judicial Proceedings

File Code

Subjects

Statutes