Bill Text: FL H0987 | 2010 | Regular Session | Introduced

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Bill Title: Payment of Fees in Foreclosure Proceedings [Track Bill]

Status: 2010-04-30 - Died in Committee on Insurance, Business, & Financial Affairs Policy (GGPC) [H0987 Detail]

Download: Florida-2010-H0987-Introduced.html

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HB 987

1	A bill to be entitled
2	An act relating to the payment of fees in foreclosure
3	proceedings; requiring a financial institution that
4	institutes a foreclosure proceeding against residential
5	property to pay all fees associated with or owed by the
6	property which accrue from the date the foreclosure action
7	is initiated until the foreclosure is finalized; providing
8	for retroactive application; providing an effective date.
9
10	Be It Enacted by the Legislature of the State of Florida:
11
12	Section 1. Any financial institution that institutes a
13	foreclosure proceeding against a residential property or has a
14	foreclosure proceeding pending against residential property
15	shall timely pay all fees associated with or owed by that
16	property, including, but not limited to, homeowners' association
17	fees, maintenance fees, and property taxes. The financial
18	institution shall pay such fees accruing from the date on which
19	the foreclosure action is initiated through the date on which
20	the foreclosure is finalized. This section applies:
21	(1) Retroactively to all foreclosure proceedings pending
22	as of the effective date of this act.
23	(2) To all foreclosure proceedings initiated on or after
24	the effective date of this act.
25	Section 2. This act shall take effect upon becoming a law.

CODING: Words stricken are deletions; words underlined are additions.