Mortgage foreclosure; right to reinstatement. (HB890)

Introduced By

Progress

Introduced
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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12 12100664D
01/11/2012Referred to Committee for Courts of Justice
01/17/2012Assigned Courts sub: #2 Civil
02/01/2012Subcommittee recommends continuing to 2013
02/10/2012Continued to 2013 in Courts of Justice
11/29/2012Left in Courts of Justice