HOUSE BILL 1434

Sponsored By:

Delegate Brown

Entitled:

Real Property - Mortgages - Perfection of Security Interest

Synopsis:

Providing that if a security interest in a mortgage was attached or perfected before July 1, 2001, in accordance with specified law, then the interest shall continue to be perfected after July 1, 2001, without the need for additional filing; repealing a requirement that an assignment of a specified mortgage be recorded in the land records of the county where the mortgage is recorded under specified circumstances; etc.

History by Legislative Date

House Action

3/5

First Reading House Rules and Executive Nominations

3/19

Re-referred Economic Matters

3/20

Hearing 3/21 at 1:00 p.m.

3/23

Favorable Report by Economic Matters

3/20

Favorable Report Adopted

Second Reading Passed

3/21

Third Reading Passed (132-0)

4/4

Returned Passed

5/15

Signed by the Governor Chapter 561

Senate Action

3/26

First Reading Judicial Proceedings

3/27

Hearing 4/3 at 1:00 p.m.

4/6

Favorable Report by Judicial Proceedings

4/3

Favorable Report Adopted

Second Reading Passed

4/5

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

LAND RECORDS -see also- DEEDS

MORTGAGES

SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS

Bill affects the following Statute:

Real Property

( 7-101 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

House

March 21, 2001: Third Reading Passed (132-0)

Senate

April 5, 2001: Third Reading Passed (47-0)