2001 Regular Session

SENATE BILL 476

File Code: Real Property Crossfiled with: HOUSE BILL 632
Sponsored By:
Senator Dorman
Entitled:
Real Property - Recordation - Releases of Mortgages and Deeds of Trust

Synopsis:

Requiring the holder of a mortgage or deed of trust secured by a borrower's principal dwelling to release the mortgage or deed of trust within a reasonable time after the loan is paid in full; requiring the holder or another responsible person to record the release or furnish the borrower with the release in a recordable form and a notice disclosing where it should be recorded; authorizing the holder to collect a fee for recording the release; etc.

History by Legislative Date

Senate Action
2/2
First Reading Judicial Proceedings
2/7
Hearing 2/14 at 1:00 p.m.
3/13
Favorable with Amendments Report by Judicial Proceedings
3/14
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/16
Third Reading Passed (44-0)
4/2
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
Conference Committee Appointed ...
Senators Haines, Green, and Jimeno
4/7
Returned Passed
5/17
Governor vetoed - Cross-filed bill was signed
House Action
3/16
First Reading Economic Matters
3/21
Hearing 3/28 at 1:00 p.m.
4/3
Favorable with Amendments Report by Economic Matters
3/29
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed with Amendments (132-0)
4/2
Motion Recede (Delegate Busch) Adopted
House Recede
Third Reading Passed (139-0)
Bill indexed under the following Subjects:
DISCLOSURE
FEES -see also- DEVELOPMENT FEES AND TAXES
MORTGAGES
NOTICES
RECORDATION
Bill affects the following Statutes:
Commercial Law
( 12-924 , 12-1024 )
Real Property
( 3-105.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 368574/1 (PDF)     Offered on: March 14, 2001   at: 11:27 a.m.     Status: Adopted
House
Number: 443190/1 (PDF)     Offered on: April 3, 2001   at: 10:50 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 16, 2001: Third Reading Passed (44-0)
House
March 30, 2001: Third Reading Passed (132-0)
April 2, 2001: Third Reading Passed (139-0)