Legislation

Title: Foreclosure Sales of Residential Property - Motion for Deficiency Judgment
Sponsored by: Senator Brochin
Status: In the Senate - Hearing 3/19 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the time period, from 3 years to 2 years, within which a specified motion for a deficiency judgment must be filed after the final ratification of the auditor's report following a specified foreclosure sale; applying Section 1 of the Act prospectively to any motion for a deficiency judgment filed on or after July 1, 2015, on a deed of trust, mortgage, or promissory note that secures or is secured by residential property that was owner-occupied at the time the order to docket or complaint to foreclose was filed; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/17/2015 Legislative Date 2/18/2015 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 2/26/2015 Legislative Date 2/27/2015 Action Rereferred to Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/06/2015 Legislative Date 3/06/2015 Action Hearing 3/19 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/17/2015	2/18/2015	First Reading Senate Rules
Senate	2/26/2015	2/27/2015	Rereferred to Judicial Proceedings
Senate	3/06/2015	3/06/2015	Hearing 3/19 at 1:00 p.m.

Documents

Date Posted	Document Name
2/18/2015	Text - First - Foreclosure Sales of Residential Property - Motion for Deficiency Judgment

File Code

Subjects

Statutes