HB 125 (2010) -  Rental Property Foreclosure or Short-sale Actions

General Bill by Rogers (CO-SPONSORS) Soto
Rental Property Foreclosure or Short-sale Actions: Requires lenders to notify tenants or lessees of potential foreclosure or short-sale actions against rental property; requires lenders to provide tenants or lessees first right of refusal to purchase property at fair market value; specifies eligibility requirements to exercise such right; requires lenders to use escrow funds for specified purposes; specifies lender liability for closing or relocation costs for failure to comply with notice requirements; specifies time restrictions on tenants or lessees bringing actions for damages.
Effective Date: July 1, 2010
Last Event: Unfavorable by Civil Justice & Courts Policy Committee on Monday, March 1, 2010 4:15 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 854 Subject: Rental Property Foreclosure or Short-sale Actions [SPSC] Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Civil Justice & Courts Policy Committee 3/3/2010 10:29:55 AM
Chamber: House Committee: Civil Justice & Courts Policy Committee 1/7/2010 9:45:39 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Reported out of Civil Justice & Courts Policy Committee Time: 03/03/2010 - 10:30 AM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Laid on Table Time: 03/01/2010 - 4:15 PM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Unfavorable by Civil Justice & Courts Policy Committee Time: 03/01/2010 - 4:15 PM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Added to Civil Justice & Courts Policy Committee agenda Time: 02/22/2010 - 4:10 PM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Added to Civil Justice & Courts Policy Committee agenda Time: 01/05/2010 - 4:15 PM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Now in Civil Justice & Courts Policy Committee Time: 10/12/2009 - 9:15 AM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Referred to Criminal & Civil Justice Policy Council Time: 10/12/2009 - 9:15 AM Member: Committee: Criminal & Civil Justice Policy Council Version: __
Event: H Referred to Policy Council Time: 10/12/2009 - 9:15 AM Member: Committee: Policy Council Version: __
Event: H Referred to Insurance, Business & Financial Affairs Policy Committee Time: 10/12/2009 - 9:15 AM Member: Committee: Insurance, Business & Financial Affairs Policy Committee Version: __
Event: H Referred to Civil Justice & Courts Policy Committee Time: 10/12/2009 - 9:15 AM Member: Committee: Civil Justice & Courts Policy Committee Version: __
Event: H Filed Time: 09/17/2009 - 9:36 AM Member: Rogers Committee: Version: __