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2013 SESSION

• | print version

HB 890 Mortgage foreclosure; right to reinstatement.

Introduced by: Kenneth C. Alexander | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mortgage foreclosure; right to reinstatement.  Provides that the grantor under a first priority deed of trust securing a loan on residential real property may, at any time up to the date of the sale of the property, cure any default, de-accelerate, and reinstate the loan by paying all sums that would have been due in the absence of default, paying other fees and costs incurred by the trustee and beneficiary in connection with the default, and performing any other obligation that the grantor would have been bound to perform in the absence of the default or acceleration. The grantor may exercise the right to cure a default as to a particular loan and reinstate that mortgage only once.

FULL TEXT

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12100664D  pdf

HISTORY

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12100664D
• 01/11/12  House: Referred to Committee for Courts of Justice
• 01/17/12  House: Assigned Courts sub: #2 Civil
• 02/01/12  House: Subcommittee recommends continuing to 2013 by voice vote
• 02/10/12  House: Continued to 2013 in Courts of Justice by voice vote
• 11/29/12  House: Left in Courts of Justice