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Glossary of Legislative Terms

SB 496: Foreclosure Debt Relief

GENERAL BILL by Braynon

Foreclosure Debt Relief; Creating the “Foreclosure Debt Claims Act”; authorizing the creation and administration of a deficiency judgment reimbursement program by the Florida Housing Finance Corporation contingent upon the occurrence of certain conditions precedent; providing for future termination of the program; authorizing continuation of the program under certain circumstances after depletion of funds; providing procedures and eligibility requirements for homeowners and financial institutions to file specified monetary claims, etc.

Effective Date: upon becoming a law
 Last Action: 3/9/2012 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Community Affairs (CA)
  3. Budget (BC)


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Bill History

Date Chamber Action
10/7/2011 Senate • Filed
11/2/2011 Senate • Referred to Banking and Insurance; Community Affairs; Budget -SJ 44
1/10/2012 Senate • Introduced -SJ 44
3/9/2012 Senate • Died in Banking and Insurance