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CS/SB 656: Judicial and Execution Sales of Property [LPCC]

GENERAL BILL by Banking and Insurance ; Joyner

Judicial and Execution Sales of Property [LPCC]; Requires that before a court-ordered sale of property, the mortgagee or lienholder must serve a "Notice Regarding Requested Property Sale" to the property owner or owners which will inform the owner of the possibility of relief through the filing of a bankruptcy petition and warning against purported foreclosure "saving" schemes. Provides for an affirmative defense for failing to provide the notice, etc.

Effective Date: 07/01/2008
Last Action: 5/2/2008 House - Died in Messages
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
11/16/2007 Senate • Filed
1/9/2008 Senate • Referred to Judiciary; Banking and Insurance
1/29/2008 Senate • On Committee agenda-- Judiciary, 02/06/08, 3:30 pm, 110-S
2/6/2008 Senate • Favorable by Judiciary; YEAS 11 NAYS 0
2/7/2008 Senate • Now in Banking and Insurance
2/28/2008 Senate • On Committee agenda-- Banking and Insurance, 03/04/08, 2:15 pm, 412-K
3/4/2008 Senate • Introduced, referred to Judiciary; Banking and Insurance -SJ 00040; On Committee agenda-- Judiciary, 02/06/08, 3:30 pm, 110-S; Favorable by Judiciary; YEAS 11 NAYS 0 -SJ 00130; Now in Banking and Insurance -SJ 00130; On Committee agenda-- Banking and Insurance, 03/04/08, 2:15 pm, 412-K; CS by- Banking and Insurance; YEAS 10 NAYS 0 -SJ 00163; CS read 1st time on 03/06/08 -SJ 00165
3/6/2008 Senate • Pending reference review -under Rule 4.7(2); Placed on Calendar, on 2nd reading -SJ 00163
4/3/2008 Senate • Placed on Special Order Calendar; Read 2nd time -SJ 00422
4/9/2008 Senate • Read 3rd time -SJ 00452; CS passed; YEAS 36 NAYS 0 -SJ 00452
4/10/2008 House • In Messages
5/2/2008 House • Died in Messages