Bill Text: FL S0780 | 2010 | Regular Session | Introduced

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Bill Title: Foreclosure Proceedings/Payment of Fees [CPSC]

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2010-04-30 - Died in Committee on Banking and Insurance [S0780 Detail]

Download: Florida-2010-S0780-Introduced.html

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Florida Senate - 2010                                     SB 780 
 
By Senator Lynn 
7-00598-10                                             2010780__ 
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 
5         residential property to pay all fees associated with 
6         or owed by the property which accrue from the date the 
7         foreclosure action is initiated until the foreclosure 
8         is finalized; providing for retroactive application; 
9         providing an effective date. 
10 
11  Be It Enacted by the Legislature of the State of Florida: 
12 
13         Section 1. Any financial institution that institutes a 
14  foreclosure proceeding against a residential property or has a 
15  foreclosure proceeding pending against residential property 
16  shall timely pay all fees associated with or owed by that 
17  property, including, but not limited to, homeowners’ association 
18  fees, maintenance fees, and property taxes. The financial 
19  institution shall pay such fees accruing from the date on which 
20  the foreclosure action is initiated through the date on which 
21  the foreclosure is finalized. This section applies: 
22         (1) Retroactively to all foreclosure proceedings pending as 
23  of the effective date of this act. 
24         (2) To all foreclosure proceedings initiated on or after 
25  the effective date of this act. 
26         Section 2. This act shall take effect upon becoming a law.