SB 1288: Nonjudicial Foreclosure/Commercial Real Property
GENERAL BILL by Hays
Nonjudicial Foreclosure/Commercial Real Property; Cites this act as the "Nonjudicial Foreclosure of Commercial Real Property Act." Provides for appointment of a trustee. Provides for trustee initiation of foreclosure of mortgage liens. Provides requirements to be met before encumbered property may be sold by trustee. Provides that provisions concerning the trustee foreclosure procedure do not impair or otherwise affect a foreclosing creditor's right to bring a judicial foreclosure action, etc.
Senate Committee References:
- Judiciary (JU)
- Banking and Insurance (BI)
- Budget (BC)
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Bill History
Date Chamber Action 2/22/2011 Senate • Filed
3/7/2011 Senate • Referred to Banking and Insurance; Judiciary; Budget -SJ 95
3/8/2011 Senate • Introduced -SJ 95
3/23/2011 Senate • Original reference(s) removed: Banking and Insurance; Judiciary; Budget
• References corrected to Judiciary; Banking and Insurance; Budget -SJ 269
• Now in Judiciary
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Judiciary
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SB 1288, Original Filed Version (Current Bill Version) Posted 2/22/2011 at 10:44 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 799 Nonjudicial Foreclosure/Commercial Real Property Young Similar Last Action: 5/7/2011 H Died in Civil Justice Subcommittee
Location: In committee/council (CVJS)
Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 52.101 Page 2 (pdf) 52.102 Page 2 (pdf) 52.103 Page 5 (pdf) 52.104 Page 21 (pdf)