HB 87: Mortgage Foreclosures

General Bill by Representative Kathleen Passidomo

Mortgage Foreclosures; Revises limitations period for commencing action to enforce claim of deficiency judgment after foreclosure action; provides for applicability to existing causes of action; specifies required contents of complaint seeking to foreclose on certain types of residential properties; authorizes sanctions against plaintiffs who fail to comply with complaint requirements; requires court to treat collateral attack on final judgment of foreclosure on mortgage as claim for monetary damages; prohibits court from granting certain relief affecting title to foreclosed property; provides for construction relating to rights of certain persons to seek relief or pursue claims against foreclosed property; limits amount of deficiency judgment; revises class of persons authorized to move for expedited foreclosure; provides requirements & procedures with respect to order directed to defendants to show cause; provides failures by defendant to make filings or appearances may have legal consequences; requires court to enter final judgment of foreclosure & order foreclosure sale; provides for liability of persons who wrongly claim to be holders of or entitled to enforce a lost, stolen, or destroyed note & cause mortgage secured thereby to be foreclosed.

 

01/03/2013 Filed

01/11/2013 House • Referred to Civil Justice Subcommittee; Justice Appropriations Subcommittee; Judiciary Committee
02/07/2013 House • Favorable by Civil Justice Subcommittee; YEAS 10 NAYS 3
03/06/2013 House • Favorable by Justice Appropriations Subcommittee; YEAS 9 NAYS 2
03/28/2013 House • CS by- Judiciary Committee; YEAS 12 NAYS 6
04/17/2013 House • CS/CS by- Appropriations Committee; YEAS 17 NAYS 8
04/24/2013 House • Placed on Special Order Calendar, 04/26/13
04/29/2013 House • CS passed; YEAS 87 NAYS 26
05/02/2013 Senate • Substituted for CS/CS/SB 1666
05/03/2013 Senate • CS passed; YEAS 26 NAYS 13
05/03/2013 House • Ordered enrolled
05/28/2013 • Signed by Officers and presented to Governor

  

Effective Date: upon becoming a law

Approved by Governor; Chapter No. 2013-137

PLEASE CLICK HERE FOR ORIGINALLY FILED VERSION!


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