Bill Status of SB1657 101st General Assembly
Short Description: MORTGAGE ACT-AUTHORIZED PERSON
Sen. Laura M. Murphy and Jason Plummer
(Rep. Mark L. Walker)
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Mortgage Act. Adds a person authorized by the mortgagor, grantor, heir, legal representative, or assign to the list of those who may request that the mortgagee of real property shall make, execute, and deliver an instrument in writing releasing a mortgage or deed of trust. Provides that if any mortgagee or trustee shall not, within 30 days (rather than "one month") after the payment of the debt secured by the mortgage or trust deed complies with specific requirements, then he or she shall be liable for the sum of $200 to the aggrieved party. Provides that the successor in interest to the mortgagee or trustee shall not be liable for the $200 penalty if he or she complies with specific requirements within 30 days (rather than "one month") after succeeding to the interest.
|Date||Chamber|| Action|| 2/15/2019||Senate||Filed with Secretary by Sen. Laura M. Murphy|| 2/15/2019||Senate||First Reading|| 2/15/2019||Senate||Referred to Assignments|| 2/27/2019||Senate||Assigned to Financial Institutions|| 3/5/2019||Senate||Added as Co-Sponsor Sen. Jason Plummer|| 3/6/2019||Senate||Do Pass Financial Institutions; 009-000-000|| 3/6/2019||Senate||Placed on Calendar Order of 2nd Reading|| 3/6/2019||Senate||Second Reading|| 3/6/2019||Senate||Placed on Calendar Order of 3rd Reading March 7, 2019|| 3/13/2019||Senate||Third Reading - Passed; 058-000-000|| 3/13/2019||House||Arrived in House|| 3/20/2019||House||Chief House Sponsor Rep. Mark L. Walker|| 3/21/2019||House||First Reading|| 3/21/2019||House||Referred to Rules Committee|| 4/9/2019||House||Assigned to Financial Institutions Committee|| 4/30/2019||House||Do Pass / Short Debate Financial Institutions Committee; 011-000-000|| 5/2/2019||House||Placed on Calendar 2nd Reading - Short Debate|| 5/16/2019||House||Second Reading - Short Debate|| 5/16/2019||House||Placed on Calendar Order of 3rd Reading - Short Debate|| 5/24/2019||House||Final Action Deadline Extended-9(b) May 31, 2019|| 5/29/2019||House||Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Mark L. Walker|| 5/31/2019||House||Final Action Deadline Extended-9(b) June 30, 2019|| 6/28/2019||House||Rule 19(a) / Re-referred to Rules Committee|| 2/18/2020||House||Motion Prevailed by Voice Vote|| 2/18/2020||House||Tabled|