2010 Regular Session

SENATE BILL 562

CHAPTER NUMBER: 322
File Code: Real Property Crossfiled with: HOUSE BILL 633
Sponsored By:
Senator Raskin
Entitled:
Real Property - Mortgages and Deeds of Trust - Authority to Exercise a Power of Sale

Synopsis:

Providing that failure to name any trustee in a deed of trust does not have any effect on an instrument under specified circumstances; clarifying that a mortgage or deed of trust may authorize the sale of property or declare a borrower's assent to the passing of a decree for the sale of the property under specified circumstances; clarifying that a power of sale or assent may be exercised only by an individual; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Judicial Proceedings
2/10
Hearing 2/23 at 1:00 p.m.
3/15
Favorable with Amendments Report by Judicial Proceedings
3/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (47-0)
4/6
Returned Passed
House Action
3/19
First Reading Environmental Matters
3/30
Hearing 4/8 at 1:00 p.m.
4/9
Favorable Report by Environmental Matters
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (139-0)
Action after passage in Senate and House
5/4
Approved by the Governor
- Chapter 322

Bill indexed under the following Subjects:

Deeds
Foreclosure
Mortgages
Real Property

Bill affects the following Statutes:

Real Property
( 4-109 , 7-105 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 278578/01     Offered on: March 16, 2010   at: 11:21 a.m.     Status: Adopted
Committee Votes :
Senate
Judicial Proceedings
House
Environmental Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 18, 2010: Third Reading Passed (47-0)
House
April 3, 2010: Third Reading Passed (139-0)