Kentucky
General Assembly

12/17/10	Prefiled by the sponsor(s).
01/04/11	introduced in House to Banking & Insurance (H)
02/04/11	posted in committee
02/09/11	reported favorably, 1st reading, to Calendar with Committee Substitute
02/10/11	2nd reading, to Rules floor amendment (1) filed to Committee Substitute posted for passage in the Regular Orders of the Day for Friday, February 11, 2011
02/14/11	floor amendment (2) filed to Committee Substitute
02/15/11	3rd reading, passed 99-0 with Committee Substitute, floor amendment (2)
02/16/11	received in Senate
02/18/11	to Judiciary (S)
03/01/11	taken from Judiciary (S) 1st reading returned to Judiciary (S)
03/02/11	taken from Judiciary (S) 2nd reading returned to Judiciary (S)

Amendment	House Committee Substitute 1
Impact Statements	Local Mandate
Summary	Retain the original provisions of the bill, but extend the recording requirement from 10 days to 30 days.
Index Headings	Archives and Records - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Banks and Financial Institutions - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Counties - County clerks, deeds in lieu of foreclosure, filing requirements County Clerks - Deeds in lieu of foreclosure, filing requirements Deeds and Conveyances - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Loans and Credit - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Government - County clerks, deeds in lieu of foreclosure, filing requirements Negotiable Instruments - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Property - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Real Estate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Mandate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk

Amendment	House Floor Amendment 1
Piggyback?	Yes
Sponsor	M. Harmon
Summary	Amend KRS 142.050 to clarify that a voluntary surrender under a mortgage in lieu of a foreclosure proceeding is not subject to the real estate transfer tax.
Index Headings	Archives and Records - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Banks and Financial Institutions - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Counties - County clerks, deeds in lieu of foreclosure, filing requirements County Clerks - Deeds in lieu of foreclosure, filing requirements Deeds and Conveyances - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Loans and Credit - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Government - County clerks, deeds in lieu of foreclosure, filing requirements Negotiable Instruments - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Property - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Real Estate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Mandate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk

Amendment	House Floor Amendment 2
Sponsor	D. Ford
Summary	Amend Section 2 of the bill to set the penalty for a mortgage holder filing a deed in lieu of foreclosure between 30 and 90 days after its execution at $100 and after 90 days at $300; add and amend KRS 142.050 to clarify that a voluntary surrender under a mortgage in lieu of a foreclosure proceeding is not subject to the real estate transfer tax.
Index Headings	Archives and Records - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Banks and Financial Institutions - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Counties - County clerks, deeds in lieu of foreclosure, filing requirements County Clerks - Deeds in lieu of foreclosure, filing requirements Deeds and Conveyances - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Loans and Credit - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Government - County clerks, deeds in lieu of foreclosure, filing requirements Negotiable Instruments - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Property - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Real Estate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk Local Mandate - Deeds in lieu of foreclosure, ten day filing requirement with county clerk