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House Bill 396

Actions | Amendments
Last Action signed by Governor (Acts ch. 93)
Title AN ACT relating to secured property.
Bill Documents Bill
Impact Statements Corrections Impact
Local Mandate
Bill Request Number 228
Sponsors J. Tilley, D. Horlander, M. Meredith
Summary of Original Version Create a new section of KRS Chapter 426 to create an expedited sale mechanism for foreclosures involving vacant and abandoned real property; amend KRS 517.060, relating to the offense of defrauding a secured creditor, to include situations where collateral is intentionally damaged and to increase the penalties for the offense.
Index Headings of Original Version Liens - Expedited foreclosure sale, procedure for
Property - Expedited foreclosure sale, procedure for
Real Estate - Expedited foreclosure sale, procedure for
Banks and Financial Institutions - Expedited foreclosure sale, procedure for
Courts, Circuit - Expedited foreclosure sale, procedure for
Crimes and Punishments - Defrauding secured creditor, damage to collateral
Criminal Procedure - Defrauding secured creditor, damage to collateral
Local Mandate - Defrauding secured creditor, damage to collateral
Corrections Impact - Defrauding secured creditor, damage to collateral
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/13/12
  • introduced in House
02/14/12
  • to Banking & Insurance (H)
02/16/12
  • posted in committee
02/22/12
  • reported favorably, 1st reading, to Calendar
02/23/12
  • 2nd reading, to Rules
  • recommitted to Judiciary (H)
02/29/12
  • posted in committee
03/07/12
  • reported favorably, to Rules with Committee Substitute
03/14/12
  • taken from Rules
  • placed in the Orders of the Day for Thursday, March 15, 2012
03/16/12
  • 3rd reading, passed 93-0 with Committee Substitute
03/19/12
  • received in Senate
03/21/12
  • to Judiciary (S)
03/22/12
  • reported favorably, 1st reading, to Consent Calendar
03/23/12
  • 2nd reading, to Rules
03/27/12
  • posted for passage in the Consent Orders of the Day for Tuesday, March 27, 2012
  • 3rd reading, passed 37-0
03/28/12
  • received in House
  • enrolled, signed by Speaker of the House
03/30/12
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/11/12
  • signed by Governor (Acts ch. 93)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Corrections Impact
Local Mandate
Summary Amend to modify the means by which vacancy and abandonment may be proved and to extend the time allowed for a court ordered sale to occur to 70 days.
Index Headings Liens - Expedited foreclosure sale, procedure for
Property - Expedited foreclosure sale, procedure for
Real Estate - Expedited foreclosure sale, procedure for
Banks and Financial Institutions - Expedited foreclosure sale, procedure for
Courts, Circuit - Expedited foreclosure sale, procedure for
Crimes and Punishments - Defrauding secured creditor, damage to collateral
Criminal Procedure - Defrauding secured creditor, damage to collateral
Local Mandate - Defrauding secured creditor, damage to collateral
Corrections Impact - Defrauding secured creditor, damage to collateral

Last updated: 8/27/2019 8:05 PM (EDT)