HB 799: Nonjudicial Foreclosure/Commercial Real Property
GENERAL BILL by Young
Nonjudicial Foreclosure/Commercial Real Property; Provides for applicability of provisions; provides for appointment of trustee; provides for trustee initiation of foreclosure of mortgage liens; provides for objections by obligors; provides for redemption of property; provides requirements to be met before encumbered property may be sold by trustee; provides for notice & manner of sale; specifies effect of sale; provides for trustee's certificate of compliance & deed; provides for disposition of sale proceeds, etc.
Last Action: 5/7/2011 House - Died in Civil Justice Subcommittee
Bill Text: Web Page | PDF
• Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 68
• Introduced -HJ 68
• Indefinitely postponed and withdrawn from consideration
• Died in Civil Justice Subcommittee
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