Legislation

Title: Real Property - Foreclosure - Owner-Occupied Residential Property - Prohibition on Collection of Deficiency
Sponsored by: Senators Benson, Currie, Lee, McFadden, Muse, Ramirez, and Raskin
Status: In the Senate - Unfavorable Report by Judicial Proceedings
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a secured party from obtaining a deficiency judgment or taking any other action to collect a deficiency in an action to foreclose a mortgage or deed of trust on owner-occupied residential property that was recorded on or after October 1, 2015; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media; Finance

Details

Cross-filed with: HB1197

Bill File Type: Regular

Effective Date(s): October 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/27/2015 Legislative Date 3/02/2015 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 3/05/2015 Legislative Date 3/06/2015 Action Rereferred to Judicial Proceedings and Finance Proceedings
Chamber Senate Calendar Date 3/06/2015 Legislative Date 3/06/2015 Action Hearing 3/19 at 1:00 p.m. (Judicial Proceedings) Proceedings
Chamber Senate Calendar Date 4/02/2015 Legislative Date 4/03/2015 Action Unfavorable Report by Judicial Proceedings Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/27/2015	3/02/2015	First Reading Senate Rules
Senate	3/05/2015	3/06/2015	Rereferred to Judicial Proceedings and Finance
Senate	3/06/2015	3/06/2015	Hearing 3/19 at 1:00 p.m. (Judicial Proceedings)
Senate	4/02/2015	4/03/2015	Unfavorable Report by Judicial Proceedings

Documents

Date Posted	Document Name
3/03/2015	Text - First - Real Property - Foreclosure - Owner-Occupied Residential Property - Prohibition on Collection of Deficiency
4/03/2015	Vote - Senate - Committee - Judicial Proceedings

File Code

Subjects

Statutes