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House Bill 488

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Legislative History
Last Action	04/09/24: signed by Governor (Acts Ch. 130)
Title	AN ACT relating to legal instruments.
Bill Documents	Acts Chapter 130 Current/Final Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	73
Sponsor	M. Meredith
Summary of Enacted Version	Amends KRS 382.297 to establish when a county clerk shall admit any amendment, renewal, modification, or extension of a recorded mortgage to record, to establish when a county clerk shall admit affidavits of amendment prepared and executed by an attorney to record, and to establish recording requirements and construction of section; and amends KRS 413.100 to establish when a promise, acknowledgment, or payment of money operates as an extension of a lien in a recorded mortgage or deed, and to establish recording requirements for an extended lien.
Summary of Original Version	Amend KRS 382.297 to establish when a county clerk shall admit any amendment, renewal, modification, or extension of a recorded mortgage to record; establish when a county clerk shall admit affidavits of amendment prepared and executed by an attorney to record; establish recording requirements and construction of section; amend KRS 413.100 to establish when a promise, acknowledgment, or payment of money operates as an extension of a lien in a recorded mortgage or deed; establish recording requirements for extension.
Index Headings of Original Version	County Clerks - Extension of lien secured by recorded deed, recording requirement County Clerks - Mortgage amendments, renewals, modifications, and extensions, recording requirements Deeds and Conveyances - Extension of lien secured by recorded deed, requirements Liens - Extension of lien secured by recorded deed, requirements Liens - Extension of lien secured by recorded mortgage, requirements Liens - Mortgage amendments, renewals, modifications, and extensions, recording requirements Loans and Credit - Extension of lien secured by recorded mortgage, requirements Loans and Credit - Mortgage amendments, renewals, modifications, and extensions, recording requirements Contracts - Mortgage amendments, renewals, modifications, and extensions, recording requirements Local Mandate - Extension of lien secured by recorded deed, recording requirement
Votes	Vote History

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02/07/24	introduced in House to Committee on Committees (H)
02/13/24	to Banking & Insurance (H)
02/14/24	reported favorably, 1st reading, to Calendar
02/15/24	2nd reading, to Rules
02/16/24	posted for passage in the Regular Orders of the Day for Tuesday, February 20, 2024
02/21/24	3rd reading, passed 94-0
02/22/24	received in Senate to Committee on Committees (S)
03/04/24	to Judiciary (S)
03/14/24	reported favorably, 1st reading, to Consent Calendar
03/15/24	2nd reading, to Rules as a consent bill
03/25/24	posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024
03/26/24	passed over and retained in the Consent Orders of the Day
03/27/24	passed over and retained in the Consent Orders of the Day
03/28/24	3rd reading, passed 38-0 received in House enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Governor
04/09/24	signed by Governor (Acts Ch. 130)

Last updated: 9/26/2024 1:37 PM (EDT)