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House Bill 460

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Last Action signed by Governor (Acts ch. 36)
Title AN ACT relating to auctioneer services.
Bill Documents Bill
Bill Request Number 1504
Sponsors S. Overly, J. Hoover, L. Belcher
Summary of Original Version Create a new section of KRS Chapter 426 to permit a court upon the request of a creditor or mortgage holder to secure the services of an auctioneer licensed in this state to conduct the public sale, fix the auctioneer's fee, and order the fee to be paid out of the proceeds of the sale; include caps for the licensed auctioneer's fee that do not include expenses and fees incurred by the master commissioner for the sale under KRS 31A.010(4); require the master commissioner to employ a licensed auctioneer to handle the sale upon terms and conditions acceptable to the creditor or mortgage holder; require the sale to be conducted on the site of real property to be sold if the public sale is conducted by a licensed auctioneer; permit a master commissioner who is also a licensed auctioneer to recover fees for acting in his or her capacity as master or special commissioner under KRS 31A.010(4), but prohibit the master commissioner from collecting any extra fee for acting as an auctioneer; clarify that nothing contained in this section waives any provision of KRS 426.160, 426.200, or 426.560.
Index Headings of Original Version Advertising - Public sale, advertising, retention of requirements for
Auctioneers - Public sale, licensed auctioneer, use of
Banks and Financial Institutions - Creditor or mortgage holder, licensed auctioneer, employment of
Courts - Public sale, licensed auctioneer, use of
Courts, Circuit - Public sale, licensed auctioneer, use of
Fees - Licensed auctioneer and master commissioner, provision for and clarification of
Judges and Court Commissioners - Public sale, licensed auctioneer, use of
Liens - Creditor or mortgage holder, licensed auctioneer, employment of
Notices - Public sale, advertising, retention of requirements for
Occupations and Professions - Licensed auctioneer, public sale, use of
Property - Real or personal property, public sale, auctioneer services
Real Estate - Real or personal property, public sale, auctioneer services
Sales - Public sale, licensed auctioneer, use of
Votes Vote History

Actions

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02/11/11
  • introduced in House
02/14/11
  • to Banking & Insurance (H)
02/15/11
  • posting waived
02/16/11
  • reported favorably, 1st reading, to Consent Calendar
02/17/11
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Friday, February 18, 2011
02/18/11
  • 3rd reading, passed 96-0
  • received in Senate
02/23/11
  • to Licensing, Occupations, & Administrative Regulations (S)
03/01/11
  • reported favorably, 1st reading, to Consent Calendar
03/02/11
  • 2nd reading, to Rules
03/03/11
  • posted for passage in the Consent Orders of the Day for Thursday, March 3, 2011
  • 3rd reading, passed 37-0
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
03/15/11
  • signed by Governor (Acts ch. 36)


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