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2000 SESSION
HB 786 Release of deed of trust or other lien.
Introduced by: R. Creigh Deeds | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Release of deed of trust or other lien. Makes a technical correction to a Code section that was amended in 1996 to provide that lien creditors must file affidavits with certificates of satisfaction rather than produce the actual note. The language stricken in this bill deletes the reference to delivering the cancelled note at the time of the recordation of the deed of trust, which has caused confusion since the 1996 amendment.
SUMMARY AS INTRODUCED:
Release of deed of trust or other lien. Makes a technical correction to a Code section that was amended in 1996 to provide that lien creditors must file affidavits with certificates of satisfaction rather than produce the actual note. The language stricken in this bill deletes the reference to delivering the cancelled note at the time of the recordation of the deed of trust, which has caused confusion since the 1996 amendment.