Delaware House Bill 256 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on July 23 2010 - 100% progression
Action: 2010-07-23 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Delaware law is unclear whether, for purposes of this Section, the 10 year requirement applies to the original term of the lease as of the date it was entered into or the remaining balance of the term at the time of the mortgage transaction. The generally-accepted view in Delaware is that the original length of the term governs and not what remains of the term at the time of the mortgage. The purpose of this amendment is to allow for certainty regarding leasehold mortgage transactions in accordance with the custom and practice in Delaware.

An Act To Amend Title 25 Of The Delaware Code Relating To Giving Certainity To The Mortgaging Of Leasehold Interests.

Rep. Bryon Short [D]

2010-06-30 - Senate - Senate Third Reading (Y: 18 N: 0 NV: 0 Abs: 3) [PASS]
2010-06-01 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2010-07-23		Signed by Governor
2010-06-30		Passed by Senate. Votes: Passed 18 YES 0 NO 0 NOT VOTING 3 ABSENT 0 VACANT
2010-06-16		Reported Out of Committee (BANKING) in Senate with 5 On Its Merits
2010-06-08		Assigned to Banking Committee in Senate
2010-06-01		Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2010-06-01		Amendment HA 1 - Passed in House by Voice Vote
2010-04-28		Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 8 Favorable, 1 On Its Merits
2009-06-24		Amendment HA 1 - Introduced and Placed With Bill
2009-06-22		Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis145.nsf/2bede841c6272c888025698400433a04/c63e5fd8a4bc9166852575d7007402a5?OpenDocument
Text	http://legis.delaware.gov/LIS/lis145.nsf/vwLegislation/HB+256/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/0fd82262c218b01685257735006eea94?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/440eac5c8be271b88525775300032554?OpenDocument