House Bill 62

Actions | Amendments
Last Action signed by Governor (Acts ch. 44)
Title AN ACT relating to filing deeds in lieu of foreclosure in the county clerk's office.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 237
Sponsors D. Horlander, C. Miller, R. Huff, J. Richards, A. Simpson
Summary of Original Version Amend KRS 382.110, relating to the recording of deeds and instruments, to require a mortgage holder to file a deed in lieu of foreclosure with the county clerk within 30 days of the execution of the instrument's execution; amend KRS 382.990 to assess a penalty in the form of a violation of law for any mortgage holder who fails to file a deed in lieu of foreclosure pursuant to Section 1 of the Act; amend KRS 142.050, relating to the assessment of a transfer tax on property, to exempt filing deeds in lieu of foreclosure filed pursuant to Section 1 of this Act from the transfer tax.
Index Headings of Original Version Local Mandate - Deeds in lieu of foreclosure, filing requirements
Property - Real, deeds in lieu of foreclosure, filing requirements
Real Estate - Deeds in lieu of foreclosure, filing requirements
Counties - Clerks, deeds in lieu of foreclosure, filing requirements
County Clerks - Deeds in lieu of foreclosure, filing requirements
Crimes and Punishments - Deeds in lieu of foreclosure, penalty for not filing with county clerk within 30 days of execution
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
10/24/11
  • Prefiled by the sponsor(s).
01/03/12
  • introduced in House
  • to Banking & Insurance (H)
01/20/12
  • posted in committee
02/01/12
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/02/12
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Monday, February 6, 2012
02/16/12
  • 3rd reading, passed 97-0 with Committee Substitute
02/21/12
  • received in Senate
02/23/12
  • to Judiciary (S)
03/15/12
  • reported favorably, 1st reading, to Consent Calendar
03/16/12
  • 2nd reading, to Rules
03/26/12
  • posted for passage in the Consent Orders of the Day for Monday, March 26, 2012
  • 3rd reading, passed 36-0
03/27/12
  • 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. 44)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Local Mandate
Summary Retain original provisions of the bill, but specify that the mortgage holder's obligation is to file with the county clerk, rather than to have recorded the deed in lieu of foreclosure, and to allow 45 days rather than 30 days to do so.
Index Headings Local Mandate - Deeds in lieu of foreclosure, filing requirements
Property - Real, deeds in lieu of foreclosure, filing requirements
Real Estate - Deeds in lieu of foreclosure, filing requirements
Counties - Clerks, deeds in lieu of foreclosure, filing requirements
County Clerks - Deeds in lieu of foreclosure, filing requirements
Crimes and Punishments - Deeds in lieu of foreclosure, penalty for not filing with county clerk within 30 days of execution

Last updated: 1/16/2019 3:37 PM (EST)