Legislation

Title: Residential Property - Vacant and Abandoned Property - Expedited Foreclosure
Sponsored by: Senators Eckardt and Mathias
Status: Approved by the Governor - Chapter 617
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing a secured party to petition a circuit court for leave to immediately commence an action to foreclose a mortgage or deed of trust on residential property if the property is vacant and abandoned under specified circumstances; requiring a secured party to send a copy of a specified petition to specified persons under specified circumstances; requiring a court to rule on a specified petition promptly after the petition is filed; applying the Act prospectively; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Opposite:: Environment and Transportation

Details

Cross-filed with: HB0702

Bill File Type: Regular

Effective Date(s): October 1, 2017

History

Legislation History
Chamber Senate Calendar Date 2/10/2017 Legislative Date 2/10/2017 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure Proceedings
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/10/2017 Action Rereferred to Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/14/2017 Legislative Date 3/14/2017 Action Hearing 3/16 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/30/2017 Legislative Date 3/30/2017 Action Favorable with Amendments Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/30/2017 Legislative Date 3/26/2017 Action Favorable with Amendments {668574/1 Adopted Proceedings 55 Click to view Recorded Media
Chamber Senate Calendar Date 3/30/2017 Legislative Date 3/26/2017 Action Second Reading Passed with Amendments Proceedings 55 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure Proceedings
Chamber Senate Calendar Date 3/31/2017 Legislative Date 3/27/2017 Action Third Reading Passed (45-0) Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 3/31/2017 Legislative Date 3/27/2017 Action Referred Rules and Executive Nominations Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 4/07/2017 Action Rereferred to Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/08/2017 Legislative Date 4/08/2017 Action Favorable Report by Environment and Transportation Proceedings
Chamber House Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Favorable Adopted Second Reading Passed Proceedings 68 Click to view Recorded Media
Chamber House Calendar Date 4/10/2017 Legislative Date 4/04/2017 Action Third Reading Passed (140-0) Proceedings 69 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/25/2017 Legislative Date 5/25/2017 Action Approved by the Governor - Chapter 617 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/10/2017	2/10/2017	First Reading Senate Rules
			Text - First - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure
Senate	3/09/2017	3/10/2017	Rereferred to Judicial Proceedings
Senate	3/14/2017	3/14/2017	Hearing 3/16 at 1:00 p.m.
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/30/2017	3/30/2017	Favorable with Amendments Report by Judicial Proceedings
Senate	3/30/2017	3/26/2017	Favorable with Amendments {668574/1 Adopted	55 Click to view Recorded Media
Senate	3/30/2017	3/26/2017	Second Reading Passed with Amendments	55 Click to view Recorded Media
			Text - Third - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure
Senate	3/31/2017	3/27/2017	Third Reading Passed (45-0)	56 Click to view Recorded Media
House	3/31/2017	3/27/2017	Referred Rules and Executive Nominations	61 Click to view Recorded Media
House	4/06/2017	4/07/2017	Rereferred to Environment and Transportation
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	4/08/2017	4/08/2017	Favorable Report by Environment and Transportation
House	4/10/2017	4/03/2017	Favorable Adopted Second Reading Passed	68 Click to view Recorded Media
House	4/10/2017	4/04/2017	Third Reading Passed (140-0)	69 Click to view Recorded Media
Post Passage	5/25/2017	5/25/2017	Approved by the Governor - Chapter 617
			Text - Chapter - Residential Property - Vacant and Abandoned Property - Expedited Foreclosure

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Subjects

Statutes