KY HB142 | 2012 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 3 2012 - 25% progression, died in committee
Action: 2012-01-03 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on January 3 2012 - 25% progression, died in committee
Action: 2012-01-03 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Create a new section of KRS Chapter 426 to provide that actions to recover deficiency judgments resulting from foreclosure proceedings must be brought within 2 years of the foreclosure sale and establish procedure for determining fair market value of property; amend KRS 413.120 to include actions to recover monetary obligations arising from consumer loans, excluding loans secured by real property and loans for educational expenses; amend KRS 413.090 to conform.
Title
AN ACT relating to limitation of actions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-03 | to Banking & Insurance (H) | |
| 2012-01-03 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/12RS/HB142.htm |
| Text | http://www.lrc.ky.gov/record/12RS/HB142/bill.doc |
