SB 586: Foreclosures
GENERAL BILL by Fasano
Foreclosures; Providing that the purchaser of a foreclosed residential dwelling unit may not take possession until a specified period after notifying a tenant of the intent to take possession; providing that the tenant may terminate a lease upon receiving the notice; providing requirements for landlords following commencement of a foreclosure action; requiring that the landlord hold the security deposit and advance rent in an interest-earning account in specified circumstances; requiring that the landlord disclose in writing to a prospective tenant a foreclosure action and its possible effects on the tenancy; providing an exception to liability for failure to provide notice; requiring the purchaser in a foreclosure sale to credit the tenant for security deposits and advance rents under certain conditions, etc.
- Judiciary (JU)
- Banking and Insurance (BI)
- Budget (BC)
SB 586, Original Filed Version (Current Bill Version) Posted 10/18/2011 at 1:25 PM
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.