Senate Bill 252. Exempts Department of Veteran’s Affairs from the requirement to hold a resolution conference prior to foreclosure.
Senate Bill 367. Makes purchaser at execution sale of real property in planned community or condominium community solely liable for assessments imposed against real property during redemption period. Requires claimant who redeems real property sold at execution sale to repay assessments, with interest, that are imposed during redemption period and paid by purchaser.
Senate Bill 368. Requires sheriff to deliver proceeds of execution sale to court administrator. Permits judgment creditor in foreclosure suit to bid for foreclosed property at foreclosure sale by paying, among other fees and costs, amount that exceeds full amount of money award if judgment includes money award, or amount declared in judgment for judgment that does not include money award. Specifies that judgment creditor’s bid for foreclosed property may not exceed full amount owing on money award in judgment that includes money award or amount declared in judgment for judgment that does not include money award. Provides that judgment to foreclose residential trust deed may not include money award for amount of debt against grantor, successor in interest or another person obligated on note, bond or other obligation in specified circumstances. Requires judgment in suit to foreclose lien to include declaration of amount of debt lien secures and, if plaintiff requests in complaint, money award against lien debtor. Declares emergency, effective on passage.
Senate Bill 390. Modifies provisions affecting landlord and tenant relations. Allows fees to be charged for service and companion animal clean up.
Senate Bill 402. Permits Affiant in Small Estate to open an account to pay bills.
Senate Bill 879. Exempts individual from requirement to obtain mortgage loan originator’s license if individual as seller during any 12-month period offers or negotiates terms for not more than three residential mortgage loans that are secured by dwelling unit that individual owns or that limited liability company of which individual is member owns and that did not serve as individual’s residence if membership in limited liability company consists only of individual and individual’s relatives, if individual and limited liability company do not advertise that limited liability company engages in business of making residential mortgage loans and if individual complies with other requirements. Exempts from requirement to obtain mortgage loan originator’s license to perform activities of mortgage loan originator attorney who negotiates terms of residential mortgage loan in attorney’s representation of client that buys or sells dwelling unit from requirement to obtain mortgage loan originator’s license in order to perform activities of mortgage loan originator.
House Bill 2083. Affects 5 year time from purposes of establishing homestead.
House Bill 2127. Requires filing of certificate of taxes paid when exempt property conveyed to non-exempt status.
House Bill 2463. Authorizes State Lands to seize abandoned/derelict structures on state owned submerged and submersible land.
House Bill 2532. Requires lender, or agent or affiliate of lender, in any advertisement or communication intended as inducement to apply for or enter into reverse mortgage to include LARRC Course Eff Jan 1, 2016 to December 31, 2017 Page 8 of 9 summary of certain provisions of reverse mortgage contract. Specifies persons that are exempt from requirement. Becomes operative January 1, 2016. Declares emergency, effective on passage.
House Bill 2585. Modifies authority granted to owner of lot in planned community or unit in condominium to install and use electric vehicle charging station for personal, noncommercial use. Declares charging station to be personal property of owner of lot or unit unless different result is negotiated between parties. Declares emergency, effective on passage.
House Bill 2599. Prohibits public utility from terminating electric or natural gas service to certain customers under certain circumstances.
House Bill 2629. Requires owners of rental property subject to federal rural rental housing loans to provide at least one year’s notice of date of maturity of loans to tenants, Housing and Community Services Department, housing authorities and local governments. Requires owners of rental property subject to federal rural rental housing loans to provide at least one year’s notice of date of maturity of loans to tenants, Housing and Community Services Department, housing authorities and local governments. Provides that owners’ failure to provide notice entitles tenants to continue residing on rental properties for up to one year after date of maturity of loans without increase in rent.
House Bill 3244. Provides that borrower or borrower’s agent may rely on lender’s payoff statement and, if paid in accordance with statement prevents lien from continuing to attach to property.
House Bill 3488. Exempts specified instruments that condition transfer of fee simple interest in real property from prohibition on fee, commission or other payment to declarant or other person upon transfer of interest in real property. Requires for exemption that proceeds of fee, commission or payment directly benefit property subject to instrument or support activities that directly benefit residents of property subject to instrument and that certain entities execute instrument. Requires for exemption that proceeds of fee, commission or payment directly benefit property subject to instrument or support activities that direct
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Questions? Contact CAB's Executive Director Lyndsey Westgaard at [email protected]