General Bill
Statements of Nonforeclosure or Pending Foreclosure of Residential Property:
Requires that lessor of residential dwelling unit notify lessee of dwelling unit whether dwelling unit that is subject of rental agreement is or is not in foreclosure or in short-sale status & whether mortgage lender intends to initiate foreclosure proceedings or short-sale procedures within specified time; requires that notice be included in rental agreement; provides form for notice; provides that lessor who fails to comply with notice requirement is liable to lessee for actual damages sustained, civil penalty, & reasonable attorney's fees & costs; requires that action to recover damages be brought within specified time.
Effective Date:
July 1, 2009
Last Event:
Died in Insurance, Business & Financial Affairs Policy Committee on Saturday, May 2, 2009 12:00 AM
Bill #
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Subject
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Relationship
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Bill #:
SB 454
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Subject:
Nonforeclosure/Pending Foreclosure Statements [SPSC]
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Relationship:
Identical
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Statute
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Other Bill Citations
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83.675
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