KY HB354 | 2011 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 7 2011 - 25% progression, died in committee
Action: 2011-02-18 - posted in committee
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 7 2011 - 25% progression, died in committee
Action: 2011-02-18 - posted in committee
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 413.140 and 413.090 to reduce the statute of limitations for filing an action for a deficiency judgment after a foreclosure sale of real estate from 15 years to one year from the date of sale; amend KRS 426.520 to require the plaintiff in a foreclosure action to serve notice to the defendant of a deficiency within one year of the initial filing of the foreclosure if the property sells for two-thirds of the appraisal.
Title
AN ACT relating to foreclosure actions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-18 | posted in committee | |
| 2011-02-08 | to Banking & Insurance (H) | |
| 2011-02-07 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/11RS/HB354.htm |
| Text | http://www.lrc.ky.gov/record/11RS/HB354/bill.doc |
