HB1319

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Real Property - Foreclosures - Deficiency Judgments Prohibited and Definition of "Secured Party" (Foreclosure Protection Act)

Sponsored by:

Delegate Mizeur

Status:

In the House - Unfavorable Report by Environmental Matters


Synopsis:Defining the term "secured party" for purposes of provisions of law governing actions to foreclose specified mortgages and deeds of trust; and prohibiting a lender who forecloses on a specified mortgage or deed of trust from filing a motion for a deficiency judgment if specified proceeds are insufficient to satisfy the debt and accrued interest.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Mizeur, Braveboy, Carr, Carter, Conaway, Gaines, Glass, Haynes, Howard, Hubbard, Jameson, A. Kelly, A. Miller, Oaks, Stukes, Valderrama, Vaughn, Walker, and A. Washington
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2014
Committee(s):
Environmental Matters   View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Debt Collection -see also- Attachments and Garnishments
Foreclosure
Interest
Judgments
Mortgages
Real Property
Securities
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:53 P.M.