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SB 0123 - Real Property - Foreclosure Sale of Residential Property - Notice to Local Supervisor of Assessments
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Tracking Level: Support
Sponsor: Judicial Proceedings Committee, Chair
Last Action: 5/22/2012 - Approved by the Governor - - Chapter 461
Senate Committee: Senate Committee on Judicial Proceedings
House Committee: House Committee on Environmental Matters
Assigned To:
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Staff Analysis of the Legislation

Related Documents
3/29/2012Testimony - Click to View
2/7/2012Testimony - Click to View

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 123
2012 Regular Session

SENATE BILL 123

File Code: Real Property
Sponsored By:
Chair, Judicial Proceedings Committee (By Request - Departmental - Assessments and Taxation)
Entitled:
Real Property - Foreclosure Sale of Residential Property - Notice to Local Supervisor of Assessments

Synopsis:

Requiring the purchaser of specified residential property at a foreclosure sale to provide a copy of the court order ratifying the sale to the local supervisor of assessments within a specified period of time; specifying exceptions; requiring the supervisor of assessments to provide a receipt to the person providing a copy of the ratification order; 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
1/18
First Reading Judicial Proceedings
Hearing 2/7 at 1:00 p.m.
3/12

Favorable with Amendments Report by Judicial Proceedings
3/13
Favorable with Amendments {808371/1 Report Adopted
Second Reading Passed with Amendments
3/14
Third Reading Passed (46-0)
4/3
Returned Passed
House Action
3/15
First Reading Environmental Matters
3/19
Hearing 3/29 at 1:00 p.m.
4/6
Favorable Report by Environmental Matters
4/1
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (126-0)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 461

Sponsored by:

Judicial Proceedings Committee, Chair
Departmental
Assessments and Taxation

Bill indexed under the following Subjects:

Agents and Brokers
Assessments
Counties -see also- Chartered Counties; Code Counties
Courts -see also- Circuit; Appeals; District; Orphans'; etc.
Exemptions
Foreclosure
Liability -see also- Good Samaritan
Mortgages
Notices
Property Tax
Real Estate -see also- Agents and Brokers
Real Property
Security Interests -see also- Liens; Mechanics' Liens
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Real Property
( 7-105.11 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 808371/01     Offered on: March 13, 2012   at: 11:48 a.m.     Status: Adopted
Committee Votes :
Senate
Judicial Proceedings
House
Environmental Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 14, 2012: Third Reading Passed (46-0)
House
April 3, 2012: Third Reading Passed (126-0)