Did not become law. It stopped in the House of Representatives's General Government and Consumer Protection Committee on March 5, 2012. The 2012 session has ended.
2012 Regular Session
House Bill 4147
Requires that each transfer, assignment or other conveyance of beneficial ownership or beneficial interest in note or other instrument that is evidence of obligation grantor owes and that is secured by trust deed on residential property must be recorded with county clerk within 15 calendar days in order for trustee to foreclose trust deed by advertisement and sale.
What it does
The synopsis the Legislative Assembly published with the bill.
Requires that each transfer, assignment or other conveyance of beneficial ownership or beneficial interest in note or other instrument that is evidence of obligation grantor owes and that is secured by trust deed on residential property must be recorded with county clerk within 15 calendar days in order for trustee to foreclose trust deed by advertisement and sale. Requires person that seeks to record transfer, assignment, conveyance or reconveyance of trust deed to inspect and correct mortgage record and to pay county clerk certain amount for each correction. Requires notice of sale in trust deed foreclosure to include documentation that establishes beneficiary or beneficiary's agent as real party in interest with respect to loan to be foreclosed. Requires documentation to consist of true copy of original debt instrument and evidence of chain of title from date of original loan to date of notice of sale. Declares emergency, effective on passage.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
4 co-sponsors
Its course
February 1 to March 5, 2012, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 2 days
In the House of RepresentativesFeb 1 to Mar 5 · stopped33 days
Waiting for a committeeFeb 1 to Feb 10 days
General Government and Consumer ProtectionFeb 1 to Mar 5 · stopped33 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Feb 1 – Mar 5
- Feb 1Introduced
- Sent to General Government and Consumer Protection
- Mar 5Died when the session ended
All 3 actions, as published
- Feb 1First reading. Referred to the desks of the Co-Speakers.House of Representatives
- Feb 1Referred to General Government and Consumer Protection.House of Representatives
- Mar 5In committee upon adjournment.House of Representatives