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.
Last Action: 5/7/2011 Senate - Died in Judiciary
Location: In committee/council (JU)
Bill Text: Web Page | PDF
- Judiciary (JU)
- Banking and Insurance (BI)
- Budget (BC)
• Referred to Banking and Insurance; Judiciary; Budget -SJ 95
• Introduced -SJ 95
• Original reference(s) removed: Banking and Insurance; Judiciary; Budget
• References corrected to Judiciary; Banking and Insurance; Budget -SJ 269
• Now in Judiciary
• Indefinitely postponed and withdrawn from consideration
• Died in Judiciary
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