KY HB62 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on April 11 2012 - 100% progression
Action: 2012-04-11 - signed by Governor (Acts ch. 44)
Text: Latest bill text (Draft #2) [MS Word]

Summary

Amend KRS 382.110, relating to the recording of deeds and instruments, to require a mortgage holder to file a deed in lieu of foreclosure with the county clerk within 30 days of the execution of the instrument's execution; amend KRS 382.990 to assess a penalty in the form of a violation of law for any mortgage holder who fails to file a deed in lieu of foreclosure pursuant to Section 1 of the Act; amend KRS 142.050, relating to the assessment of a transfer tax on property, to exempt filing deeds in lieu of foreclosure filed pursuant to Section 1 of this Act from the transfer tax.

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Title

AN ACT relating to filing deeds in lieu of foreclosure in the county clerk's office.

Sponsors


History

DateChamberAction
2012-04-11 signed by Governor (Acts ch. 44)
2012-03-30 delivered to Governor
2012-03-30 enrolled, signed by President of the Senate
2012-03-27 enrolled, signed by Speaker of the House
2012-03-27 received in House
2012-03-26 3rd reading, passed 36-0
2012-03-26 posted for passage in the Consent Orders of the Day for Monday, March 26, 2012
2012-03-16 2nd reading, to Rules
2012-03-15 reported favorably, 1st reading, to Consent Calendar
2012-02-23 to Judiciary (S)
2012-02-21 received in Senate
2012-02-16 3rd reading, passed 97-0 with Committee Substitute
2012-02-02 posted for passage in the Regular Orders of the Day for Monday, February 6, 2012
2012-02-02 2nd reading, to Rules
2012-02-01 reported favorably, 1st reading, to Calendar with Committee Substitute
2012-01-20 posted in committee
2012-01-03 to Banking & Insurance (H)
2012-01-03 introduced in House

Kentucky State Sources


Bill Comments

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