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2011 SESSION
SB 838 Debt secured by deed of trust; recordation of certificate of assignment.
Introduced by: J. Chapman Petersen | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Recordation of certificate of assignment of debt secured by deed of trust. Requires the assignee of a debt or other obligation that is secured by a deed of trust, mortgage, or vendor's lien on real estate to record a certificate of assignment in the clerk's office of the circuit court where the deed of trust, mortgage, or vendor's lien is recorded. Effective July 1, 2011, the recordation of a certificate of assignment will be necessary to transfer the benefit of the security provided by the deed of trust or mortgage.
FULL TEXT
HISTORY
- 01/07/11 Senate: Prefiled and ordered printed; offered 01/12/11 11102999D
- 01/07/11 Senate: Referred to Committee for Courts of Justice
- 01/11/11 Senate: Assigned Courts sub: Civil
- 02/07/11 Senate: Reported from Courts of Justice (9-Y 5-N)
- 02/08/11 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/08/11 Senate: Read second time and engrossed
- 02/08/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/08/11 Senate: Pending question ordered (32-Y 8-N)
- 02/08/11 Senate: Defeated by Senate (14-Y 26-N)