SENATE BILL 123

File Code: Real Property

Sponsored By:

Chair, Judicial Proceedings Committee (By Request - Departmental - Assessments and Taxation)

Entitled:

Real Property - Foreclosure Sale of Residential Property - Notice to Local Supervisor of Assessments

Synopsis:

Requiring the purchaser of specified residential property at a foreclosure sale to provide a copy of the court order ratifying the sale to the local supervisor of assessments within a specified period of time; specifying exceptions; requiring the supervisor of assessments to provide a receipt to the person providing a copy of the ratification order; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

Senate Action

1/18

First Reading Judicial Proceedings

Hearing 2/7 at 1:00 p.m.

3/12

Favorable with Amendments Report by Judicial Proceedings

3/13

Favorable with Amendments {808371/1 Report Adopted

Second Reading Passed with Amendments

3/14

Third Reading Passed (46-0)

4/3

Returned Passed

House Action

3/15

First Reading Environmental Matters

3/19

Hearing 3/29 at 1:00 p.m.

4/6

Favorable Report by Environmental Matters

4/1

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (126-0)

Action after passage in Senate and House

5/22

Approved by the Governor

- Chapter 461

Sponsored by:

Judicial Proceedings Committee, Chair

Departmental

Assessments and Taxation

Bill indexed under the following Subjects:

Agents and Brokers

Assessments

Counties -see also- Chartered Counties; Code Counties

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

Exemptions

Foreclosure

Liability -see also- Good Samaritan

Mortgages

Notices

Property Tax

Real Estate -see also- Agents and Brokers

Real Property

Security Interests -see also- Liens; Mechanics' Liens

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Real Property

( 7-105.11 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

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

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 808371/01     Offered on: March 13, 2012   at: 11:48 a.m.     Status: Adopted

Committee Votes :

Senate

Judicial Proceedings

House

Environmental Matters

Roll Call Votes (Legislative dates are shown):

Senate

March 14, 2012: Third Reading Passed (46-0)

House

April 3, 2012: Third Reading Passed (126-0)