Last Action | returned to Judiciary (S) |
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Title | AN ACT relating to the filing of deeds in lieu of foreclosure in the county clerk's office. |
Bill Documents |
Bill
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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 |
12/17/10 |
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01/04/11 |
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02/04/11 |
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02/09/11 |
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02/10/11 |
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02/14/11 |
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02/15/11 |
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02/16/11 |
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02/18/11 |
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03/01/11 |
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03/02/11 |
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Amendment | House Committee Substitute 1 |
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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 |
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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 |
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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)