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SB508 SD1     
Measure Title: RELATING TO SUSPENSION OF FORECLOSURE ACTIONS BY JUNIOR LIENHOLDERS.
Report Title: Foreclosure Actions; Junior Lienholders; Condominium Associations
Description: Allows a condominium association, as a junior lienholder, to commence or continue a nonjudicial foreclosure action on a property subject to a judicial foreclosure even if the lender has filed for foreclosure. Preserves the right of owner-occupants to require the foreclosing mortgagee to participate in the dispute resolution process in situations where an association forecloses on residential real property occupied by owner-occupant mortgagors and the mortgagee subsequently forecloses its lien on the same property. (SD1)
Companion:  HB25
Package: None
Current Referral: CPN, JDL
Introducer(s): BAKER, CHUN OAKLAND, ESPERO, Keith-Agaran, Ruderman, Wakai
Act:

Sort by Date Status Text
12/18/2013DCarried over to 2014 Regular Session.
2/11/2013SReport adopted; Passed Second Reading, as amended (SD 1) and referred to JDL.
2/11/2013SReported from CPN (Stand. Com. Rep. No. 165) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDL.
2/5/2013SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Baker, Nishihara, Wakai, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) Galuteria, Solomon, Taniguchi.
1/29/2013SThe committee(s) on CPN has scheduled a public hearing on 02-05-13 8:30AM in conference room 229.
1/22/2013SReferred to CPN, JDL.
1/22/2013SPassed First Reading.
1/18/2013SIntroduced.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB508 SD1
All Versions of this Measure

Committee Reports


Hearing Notices
CPN
2/05/13 8:30A
229