Bills · 2009-2010 Regular Session
delaying certain mortgage foreclosure actions.
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under current law, if a mortgagee brings an action for foreclosure of a mortgage,
the homeowner (mortgagor) answers the complaint and the normal civil procedural
rules of discovery and evidence, pretrial, and trial apply. If the court determines that
the mortgagee has the right to the foreclosure, the court issues a judgment for
foreclosure of the mortgage, which entitles the mortgagee to force a sale of the
property.
This bill requires the court in a foreclosure action to delay the action for
foreclosure of a mortgage for 90 days. Under the bill, the court must delay the action
only if the mortgagor shows that all of the following conditions apply:
1. The mortgagor owns the real estate subject to the mortgage and the property
is his or her principal residence.
2. The mortgagor does not own any other real estate.
3. The real estate subject to the mortgage is improved with a residential
building containing less than six dwelling units.
Sponsors
Introduced by: A. Williams (D) , Grigsby (D) , Kessler (D) , Turner (D) , Young (D)
Full history
- Mar 19, 2009 · Assembly
Introduced by Representatives Young, Turner, Kessler, A. Williams and Grigsby
- Mar 19, 2009 · Assembly
Read first time and referred to committee on Housing
- Apr 15, 2009 · Assembly
Public hearing held
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1