HB 3212
Lowers number of actions to foreclose trust deed by advertisement and sale or by suit that beneficiary may commence during preceding calendar year and still claim exemption from requirement to participate in resolution conference with borrower that has failed to pay amount due on obligation secured by residential real property.
| Status | In House Committee (HRULES) |
| Sponsors | Paul Holvey (Democrat) (Chief) |
| Fiscal impact | No fiscal impact |
| Revenue impact | Revenue impact issued |
| Emergency clause | Yes |
Bill Text
Lowers the threshold for foreclosure actions that trigger a requirement for beneficiaries to participate in resolution conferences with borrowers on residential mortgages.
Overview#
Lowers number of actions to foreclose trust deed by advertisement and sale or by suit that beneficiary may commence during preceding calendar year and still claim exemption from requirement to participate in resolution conference with borrower that has failed to pay amount due on obligation secured by residential real property. Declares emergency, effective on passage.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-23 | H | First reading. Referred to Speaker's desk. |
| 2021-02-26 | H | Referred to Business and Labor. |
| 2021-04-12 | H | Work Session held. |
| 2021-04-15 | H | Without recommendation as to passage and be referred to Rules. |
| 2021-04-15 | H | Referred to Rules by order of Speaker. |
| 2021-06-26 | H | In committee upon adjournment. |