Mortgage foreclosure; right to reinstatement. (HB890)
Introduced By
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. View Full Text »
Outcome
Bill Has Failed
History
- 01/11/2012 Prefiled and ordered printed; offered 01/11/12 12100664D
- 01/11/2012 Referred to Committee for Courts of Justice
- 01/17/2012 Assigned Courts sub: #2 Civil
- 02/01/2012 Subcommittee recommends continuing to 2013
- 02/10/2012 Continued to 2013 in Courts of Justice
- 11/29/2012 Left in Courts of Justice
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