Last Action | signed by Governor (Acts, ch. 107) |
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Title | AN ACT relating to the right of redemption. |
Bill Documents |
Bill
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Bill Request Number | 200 |
Sponsors | T. Buford, C. Girdler |
Summary of Original Version | Amend KRS 426.530 to reduce from one year to six months the time period for the right of redemption of real property sold in pursuance of a judgment or order of a court, other than an execution, if the sale did not bring two-thirds of its appraised value. |
Index Headings of Original Version |
Courts, Circuit - Foreclosure, time period for real property redemption, reduction from one year to six months Loans and Credit - Foreclosure, time period for real property redemption, reduction from one year to six months Banks and Financial Institutions - Foreclosure, time period for real property redemption, reduction from one year to six months |
Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
01/07/14 |
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01/13/14 |
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02/27/14 |
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02/28/14 |
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03/04/14 |
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03/05/14 |
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03/06/14 |
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03/10/14 |
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03/17/14 |
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03/24/14 |
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03/25/14 |
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03/26/14 |
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03/27/14 |
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03/31/14 |
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04/10/14 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions; except in Section 1, include new language providing that in addition to the original purchase money and interest thereon, a defendant or his or her representative who wishes to redeem property pursuant to this section must also pay any reasonable costs incurred by the purchaser after the sale for maintenance or repair of the property, including but not limited to utilities expenses, insurance, association fees, taxes, and cost to conform the property to the minimum standards of local nuisance codes and local ordinances. |
Index Headings |
Courts, Circuit - Foreclosure, time period for real property redemption, reduction from one year to six months Loans and Credit - Foreclosure, time period for real property redemption, reduction from one year to six months Banks and Financial Institutions - Foreclosure, time period for real property redemption, reduction from one year to six months |
Last updated: 8/27/2019 6:52 PM (EDT)