SENATE BILL 807

Sponsored By:

Senator Colburn

Entitled:

Real Property - Residential Mortgages and Deeds of Trust - Recordation and Foreclosure

Synopsis:

Altering the definition of "residential property" for purposes of specified residential property foreclosure procedures and specified provisions concerning the recordation of an instrument securing a mortgage loan on residential property; and clarifying the application of a specified provision concerning a mortgagor's or grantor's right to cure a default before a foreclosure sale.

History by Legislative and Calendar Date

Senate Action

2/6

First Reading Judicial Proceedings

2/11

Hearing 2/25 at 1:00 p.m.

3/26

Favorable with Amendments Report by Judicial Proceedings

3/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/28

Third Reading Passed (47-0)

4/8

Returned Passed

House Action

3/27

First Reading House Rules and Executive Nominations

4/2

Re-referred Environmental Matters

Hearing 4/9 at 1:00 p.m.

4/11

Favorable Report by Environmental Matters

4/6

Favorable Report Adopted

Second Reading Passed

4/8

Third Reading Passed (134-0)

Action after passage in Senate and House

5/19

Approved by the Governor

- Chapter 692

Bill indexed under the following Subjects:

Fees -see also- Devt Fees and Taxes; Reimbursement Rates

Foreclosure

Housing -see also- Apartments; Condominiums; Mobile Homes

Interest

Mortgages

Real Property

Recordation

Bill affects the following Statutes:

Real Property

( 3-104.1 , 7-105.1 , 7-105.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments (Displayed in PDF Format):

Senate

Number: 148972/02     Offered on: March 27, 2009   at: 1:11 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 28, 2009: Third Reading Passed (47-0)

House

April 8, 2009: Third Reading Passed (134-0)