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House Bill 551

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Last Action to Judiciary (H)
Title AN ACT relating to real property.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 1250
Sponsor S. Brinkman
Summary of Original Version Create a new section of KRS Chapter 382 related to the assignment, mortgage, or pledge of rents or profits from real property, the recording of a security interest thereon, and exemptions; amend KRS 382.520 to clarify that an security interest in real property continues to exist, even after the loan is paid in its entirety, unless the terms of the mortgage contract indicate otherwise or until the mortgagor requests a release or partial release of the security interest.
Index Headings of Original Version Local Mandate - Security interest, assignment or pledge, recording of
Banks and Financial Institutions - Security interest, assignment or pledge, recording of
Civil Actions - Security interest, assignment or pledge, recording of
Civil Procedure - Security interest, assignment or pledge, recording of
Contracts - Security interest, assignment or pledge, recording of
County Clerks - Security interest, assignment or pledge, recording of
Deeds and Conveyances - Security interest, assignment or pledge, recording of
Liens - Security interest, assignment or pledge, recording of
Property - Security interest, assignment or pledge, recording of

Actions

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03/01/10
  • introduced in House
03/02/10
  • to Judiciary (H)


Last updated: 8/28/2019 7:34 AM (EDT)