General Bill
Nonjudicial Foreclosure of Commercial Real Property:
Provides for applicability of provisions; provides for appointment of trustee; provides for trustee initiation of foreclosure of mortgage liens; provides for objections by obligors; provides for redemption of property; provides requirements to be met before encumbered property may be sold by trustee; provides for notice & manner of sale; specifies effect of sale; provides for trustee's certificate of compliance & deed; provides for disposition of sale proceeds; provides that provisions concerning trustee foreclosure procedure do not impair or otherwise affect foreclosing creditor's right to bring judicial foreclosure action; provides for civil actions against foreclosing creditors for material failure to follow trustee foreclosure procedures; provides criminal penalties for trustee who intentionally violates provisions concerning trustee foreclosure procedure; provides for construction with other provisions; provides for applicability to mortgage liens existing prior to effective date of act for which foreclosure proceeding has not commenced.
Effective Date:
July 1, 2011
Last Event:
Died in Civil Justice Subcommittee on Saturday, May 7, 2011 2:07 AM
| Bill #
|
Subject
|
Relationship
|
|
Bill #:
SB 1288
|
Subject:
Nonjudicial Foreclosure/Commercial Real Property
|
Relationship:
Similar
|
| Event |
Time |
Member |
Committee |
Ver. |
|
Event:
H Died in Civil Justice Subcommittee
|
Time:
05/07/2011 - 2:07 AM
|
Member:
|
Committee:
Civil Justice Subcommittee
|
Version:
__
|
|
Event:
H Indefinitely postponed and withdrawn from consideration
|
Time:
05/07/2011 - 12:01 AM
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Member:
|
Committee:
|
Version:
__
|
|
Event:
H 1st Reading
|
Time:
03/08/2011 - 10:24 PM
|
Member:
|
Committee:
|
Version:
__
|
|
Event:
H Now in Civil Justice Subcommittee
|
Time:
03/03/2011 - 9:50 AM
|
Member:
|
Committee:
Civil Justice Subcommittee
|
Version:
__
|
|
Event:
H Referred to Judiciary Committee
|
Time:
03/03/2011 - 9:50 AM
|
Member:
|
Committee:
Judiciary Committee
|
Version:
__
|
|
Event:
H Referred to Insurance & Banking Subcommittee
|
Time:
03/03/2011 - 9:50 AM
|
Member:
|
Committee:
Insurance & Banking Subcommittee
|
Version:
__
|
|
Event:
H Referred to Civil Justice Subcommittee
|
Time:
03/03/2011 - 9:50 AM
|
Member:
|
Committee:
Civil Justice Subcommittee
|
Version:
__
|
|
Event:
H Filed
|
Time:
02/16/2011 - 4:06 PM
|
Member:
Young
|
Committee:
|
Version:
__
|