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SB 0098 - Real Property - Recordation - Foreclosure Sales
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Tracking Level: No Position
Sponsor: Senator Delores G. Kelley, District 10
Last Action: 1/18/2012 - S Hearing 2/7 at 1:00 p.m.
Senate Committee: Senate Committee on Judicial Proceedings
Assigned To:
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Taxes and RevenuesNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 98
2012 Regular Session

SENATE BILL 98

File Code: Real Property
Sponsored By:
Senators Kelley and Colburn
Entitled:
Real Property - Recordation - Foreclosure Sales

Synopsis:

Requiring a purchaser in a foreclosure sale, if the purchaser is the secured party, to pay the entire amount of any required recordation or transfer taxes at the time of recording a deed transferring title to the property; requiring the person authorized to make the sale to record a deed transferring title to the property or, if title has not been transferred, the final order of ratification within 60 days after the date of the final order ratifying the sale in an action to foreclose a mortgage or deed of trust; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
1/16
First Reading Judicial Proceedings
1/18
Hearing 2/7 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Delores G. Kelley, District 10
Senator Richard F. Colburn, District 37

Bill indexed under the following Subjects:

Crimes and Punishments -see also- Penalties and Sentnc; etc.
Foreclosure
Land Records -see also- Deeds
Mortgages
Penalties and Sentences -see also- Death Penalty
Real Property
Recordation
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Transfer Tax

Bill affects the following Statutes:

Real Property
( 3-101.1 , 3-102.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered