SB 854 (2010) -  Rental Property Foreclosure or Short-sale Actions [SPSC]

by Sobel (CO-SPONSORS) Gaetz
Requires lenders to notify tenants or lessees of potential foreclosure or short-sale actions against the rental property. Requires the lenders to provide tenants or lessees a first right of refusal to purchase the property at fair market value. Specifies lender liability for certain costs for failure to comply with certain notice requirements. Specifies time restrictions on tenants or lessees bringing actions for damages, etc.
Effective Date: 07/01/2010
Last Event: 04/30/10 S Died in Committee on Judiciary on Friday, April 30, 2010 8:47 PM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
  • Banking and Insurance

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Committee on Judiciary Time: 04/30/2010 - 8:47 PM Member: Committee: Version: __
Event: S Introduced, referred to Judiciary; Banking and Insurance -SJ 00061 Time: 03/01/2010 - 7:29 PM Member: Committee: Version: __
Event: S Referred to Judiciary; Banking and Insurance Time: 01/14/2010 - 4:35 PM Member: Committee: Version: __
Event: S Filed Time: 12/07/2009 - 11:27 AM Member: Committee: Version: __