House Bill 128

Actions | Amendments
Last Action returned to Judiciary (S)
Title AN ACT relating to the filing of deeds in lieu of foreclosure in the county clerk's office.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 292
Sponsors D. Horlander, M. Marzian, C. Miller
Summary of Original Version Amend KRS 382.110 to require mortgage holders to file deeds in lieu of foreclosure within ten days of executing the deed; amend KRS 382.990 to provide that a mortgage holder failing to record a deed within ten days is guilty of a violation.
Index Headings of Original Version 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
Proposed Amendments House Committee Substitute 1
House Floor Amendment 1
House Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
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)

Proposed Amendments

Top | Actions
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

Last updated: 1/16/2019 3:43 PM (EST)