SB 1778: Redemption Rights and Deeds in Lieu of Foreclosure
GENERAL BILL by Garcia
Redemption Rights and Deeds in Lieu of Foreclosure; Citing this act as the “Redemption Procedures Improvement Act”; providing that a defendant, a property owner, or a holder of a subordinate interest in real property may cure a defendant’s indebtedness to prevent the sale of such real property; providing that the right of redemption by an owner of real property subject to redemption is not waivable; authorizing the transfer of a lien claimed to encumber real or personal property by certain persons; prohibiting a mortgagee or its designee from acquiring interest, right to legal title, or right of possession to a mortgagee’s property, etc.
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Bill History
Date Chamber Action 2/28/2025 Senate • Filed
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SB 1778, Original Filed Version (Current Bill Version) Posted 2/28/2025 at 3:32 PM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (6)
Citation Catchline Location in Bill Location In Bill Help 45.0315 Right of redemption. Page 4 (pdf) 45.0316 Page 7 (pdf) 679.612 Timeliness of notification before disposition of collateral. Page 10 (pdf) 697.02 Nature of a mortgage. Page 11 (pdf) 702.01 Equity. Page 11 (pdf) 702.011 Page 11 (pdf)