2002 Regular Session

HOUSE BILL 1404

File Code: Real Property
Sponsored By:
Delegate Minnick
Entitled:
Real Property - Mortgage or Deed of Trust - Enforcement of Release

Synopsis:

Establishing a time period of 45 days after a loan secured by a mortgage or deed of trust has been paid in full, for the holder to take action for the release and recordation of the satisfaction of the mortgage or deed of trust; authorizing the borrower of a mortgage or deed of trust who has satisfied the mortgage or deed of trust but not received a copy of the release in specified circumstances, to file an action to require delivery of the release; providing that the holder is liable under specified circumstances; etc.

History by Legislative Date

House Action
2/28
First Reading House Rules and Executive Nominations
3/6
Re-referred Economic Matters
3/5
Hearing 3/13 at 1:00 p.m.
3/23
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (139-0)
Senate Action
3/26
First Reading Judicial Proceedings
3/27
Hearing 4/3 at 1:00 p.m.
Bill indexed under the following Subjects:
CIVIL ACTIONS -see also- SMALL CLAIMS
LAND RECORDS -see also- DEEDS
LIENS -see also- MECHANICS' LIENS
MORTGAGES
REAL PROPERTY
RECORDATION
Bill affects the following Statute:
Real Property
( 3-105.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 673290/1 (PDF)     Offered on: March 23, 2002   at: 11:15 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 24, 2002: Third Reading Passed (139-0)