2009 Regular Session
|At the request of:||(at the request of Jane Cummins)|
|Chief Sponsors:||Representative Clem , Representative C Edwards|
|Bill Title:||Relating to sales of foreclosed property; and declaring an emergency.|
|Catchline/Summary:||Provides that sale by trustee of foreclosed property or sale of residential property after judicial foreclosure precludes further action against mortgagor, grantor or other specified obligor for deficiencies in amount secured by mortgage or trust deed.
Creates exceptions. Specifies to whom trustee must send amended notice of sale. Specifies means by which trustee must give notice. Declares emergency, effective on passage.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|