HOUSE BILL 412

Sponsored By:

Delegate Niemann

Entitled:

Real Property - Residential Property Foreclosure Procedures - Lost Note Affidavit

Synopsis:

Prohibiting a court, in an action to foreclose a mortgage or deed of trust on residential property, from accepting a lost note affidavit in lieu of a copy of the debt instrument unless the affidavit contains specified information; and applying the Act prospectively.

History by Legislative and Calendar Date

House Action

2/4

First Reading Environmental Matters

2/7

Hearing 2/17 at 1:00 p.m.

2/28

Favorable with Amendments Report by Environmental Matters

3/1

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/3

Third Reading Passed (138-0)

4/4

House Concur - Senate Amendments

Third Reading Passed (138-0)

Passed Enrolled

Senate Action

3/4

First Reading Judicial Proceedings

4/1

Favorable with Amendments Report by Judicial Proceedings

3/30

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/31

Third Reading Passed with Amendments (46-0)

Action after passage in House and Senate

5/19

Approved by the Governor

- Chapter 478

Bill indexed under the following Subjects:

Courts -see also- Circuit; Appeals; District; Orphans'; etc.

Foreclosure

Mortgages

Records -see also- Land Records; Vital Records

Bill affects the following Statutes:

Real Property

( 7-105.1 , 7-105.1 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

House

Number: 870216/01     Offered on: March 1, 2011   at: 10:26 a.m.     Status: Adopted

Senate

Number: 818374/01     Offered on: April 1, 2011   at: 12:02 p.m.     Status: Adopted

Committee Votes :

House

Environmental Matters

Senate

Judicial Proceedings

Roll Call Votes (Legislative dates are shown):

House

March 3, 2011: Third Reading Passed (138-0)

April 4, 2011: Third Reading Passed (138-0)

Senate

March 31, 2011: Third Reading Passed (46-0)