CHAPTER NUMBER: 348
File Code: Estates and Trusts
Crossfiled with: SENATE BILL 678
- Sponsored By:
-
Delegate Minnick
- Entitled:
-
Real Property - Mortgage or Deed of Trust - Enforcement of Release
Establishing a 45 day period 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; requiring the holder, in an action where the borrower
prevails in requiring delivery of a release, to pay the costs and
expenses of the action, including reasonable attorney's fees; and
providing specified exemptions from paying specified costs.
House Action
- 2/18
- First Reading House Rules and Executive Nominations
- 2/27
- Re-referred Environmental Matters
- 2/28
- Hearing 3/18 at 1:00 p.m.
- 3/22
- Favorable Report by Environmental Matters
- 3/21
- Favorable Report Adopted
- Second Reading Passed
- 3/22
- Third Reading Passed (136-0)
- 3/30
- Returned Passed
- 5/13
- Signed by the Governor Chapter 348
Senate Action
- 3/23
- First Reading Judicial Proceedings
- 3/31
- Favorable Report by Judicial Proceedings
- 3/30
- Favorable Report Adopted
- Second Reading Passed
- 3/31
- Third Reading Passed (46-0)
- Bill indexed under the following Subjects:
- CIVIL ACTIONS -see also- SMALL CLAIMS
- COURT COSTS
- LOANS -see also- MORTGAGES
- MORTGAGES
- RECORDATION
- Bill affects the following Statutes:
- Financial Institutions
- (
11-501 ,
11-502
)
- Real Property
- (
3-105.1
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
- Roll Call Votes (Legislative dates are shown):
- House
- March 22, 2003: Third Reading Passed (136-0)
- Senate
- March 31, 2003: Third Reading Passed (46-0)