Deed of trust; notices required before proposed sale by trustee. (HB1338)

Introduced By

Del. Luke Torian (D-Woodbridge)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Notices required before sale by trustee. Provides that notice of any proposed sale in execution of a deed of trust shall be given to any personal representative of the deceased's estate whose appointment is recorded at least 75 days prior to the proposed sale and any heirs of the deceased who are listed on the list of heirs recorded at least 75 days prior to the proposed sale. Under current law, there is no time frame within which either such recordation must have been made. The bill further provides that in event of a foreclosure arising from a failure to satisfy periodic payments required by the terms of a deed of trust conveying owner-occupied residential real estate, a notice to the owner shall include the date of the last payment received and the amount received; the total amount of principal, interest, costs, and fees due in arrears; and the remaining total principal balance due on the instrument. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/21/2022Committee
01/21/2022Presented and ordered printed 22104882D
01/21/2022Referred to Committee for Courts of Justice
02/01/2022Assigned Courts sub: Subcommittee #2
02/02/2022Subcommittee recommends striking from docket (7-Y 0-N)
02/07/2022Stricken from docket by Courts of Justice (20-Y 0-N) (see vote tally)

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