Legislation

Title: Real Property - Bankruptcy Proceedings - Expedited Foreclosure Timeline
Sponsored by: Delegates Braveboy and Niemann
Status: In the House - First Reading House Rules and Executive Nominations
Analysis

Synopsis

Requiring a secured party to petition the circuit court for leave to immediately commence an action to foreclose a mortgage or deed of trust on real property no later than 30 days after the foreclosure stay has been lifted in a bankruptcy proceeding, under specified circumstances; requiring an order to docket or a complaint to foreclose to be filed and to be served on a mortgagor or grantor no later than 30 days after the circuit court grants a specified petition; etc.

Committees

Original:: Rules and Executive Nominations

Details

Bill File Type: Regular

Effective Date(s): October 1, 2014

History

Legislation History
Chamber House Calendar Date 3/03/2014 Legislative Date 3/03/2014 Action First Reading House Rules and Executive Nominations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	3/03/2014	3/03/2014	First Reading House Rules and Executive Nominations

Documents

Date Posted	Document Name
3/04/2014	Text - First - Real Property - Bankruptcy Proceedings - Expedited Foreclosure Timeline

File Code

Subjects

Statutes