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Senate Bill 36

Actions | Amendments

Last Action	signed by Governor (Acts, ch. 107)
Title	AN ACT relating to the right of redemption.
Bill Documents	Bill
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

Actions

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01/07/14	introduced in Senate
01/13/14	to Judiciary (S)
02/27/14	reported favorably, 1st reading, to Calendar
02/28/14	2nd reading, to Rules
03/04/14	posted for passage in the Regular Orders of the Day for Wednesday, March 5, 2014
03/05/14	3rd reading, passed 30-7
03/06/14	received in House
03/10/14	to Judiciary (H)
03/17/14	posted in committee
03/24/14	taken from Judiciary (H) 1st reading returned to Judiciary (H) posted in committee
03/25/14	taken from Judiciary (H) 2nd reading returned to Judiciary (H)
03/26/14	reported favorably, to Rules with Committee Substitute as a Consent Bill taken from Rules placed in the Consent Orders of the Day for Thursday, March 27, 2014
03/27/14	3rd reading, passed 100-0 with Committee Substitute received in Senate to Rules (S)
03/31/14	posted for passage for concurrence in House Committee Substitute for Monday, March 31, 2014 Senate concurred in House Committee Substitute passed 33-3 enrolled, signed by each presiding officer delivered to Governor
04/10/14	signed by Governor (Acts, ch. 107)

Proposed Amendments

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Amendment	House Committee Substitute 1
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)