Legislation

Title: Real Property - Foreclosures - Deficiency Judgments Prohibited and Definition of "Secured Party" (Foreclosure Protection Act)
Sponsored by: Delegates Mizeur, Braveboy, Carr, Carter, Conaway, Gaines, Glass, Haynes, Howard, Hubbard, Jameson, A. Kelly, A. Miller, Oaks, Stukes, Valderrama, Vaughn, Walker, and A. Washington
Status: In the House - Unfavorable Report by Environmental Matters
Analysis: Fiscal and Policy Note

Synopsis

Defining the term "secured party" for purposes of provisions of law governing actions to foreclose specified mortgages and deeds of trust; and prohibiting a lender who forecloses on a specified mortgage or deed of trust from filing a motion for a deficiency judgment if specified proceeds are insufficient to satisfy the debt and accrued interest.

Committees

Original:: Environmental Matters Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): October 1, 2014

History

Legislation History
Chamber House Calendar Date 2/06/2014 Legislative Date 2/07/2014 Action First Reading Environmental Matters Proceedings
Chamber House Calendar Date 2/10/2014 Legislative Date 2/10/2014 Action Hearing 2/27 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/12/2014 Legislative Date 3/13/2014 Action Unfavorable Report by Environmental Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/06/2014	2/07/2014	First Reading Environmental Matters
House	2/10/2014	2/10/2014	Hearing 2/27 at 1:00 p.m.
House	3/12/2014	3/13/2014	Unfavorable Report by Environmental Matters

Documents

Date Posted	Document Name
2/07/2014	Text - First - Real Property - Foreclosures - Deficiency Judgments Prohibited and Definition of "Secured Party" (Foreclosure Protection Act)
3/13/2014	Vote - House - Committee - Environmental Matters

File Code

Subjects

Statutes