2017 Regular Session
|At the request of:|
|Bill Title:||Relating to trust deeds; declaring an emergency.|
Revises definition of "beneficiary."
Modifies requirements for trustee to foreclose trust deed by advertisement and sale.
Declares recorded trustee's deed prima facie evidence that all assignments required to be recorded are recorded. Declares instrument executed by beneficiary prima facie evidence that beneficiary is authorized to execute instrument. Permits beneficiary to designate agent or nominee to act on behalf of beneficiary. Declares emergency, effective on passage.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Business and Transportation|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|