HB 551/LM (BR 1250) - S. Brinkman
AN ACT relating to real property.
Create a new section of KRS Chapter 382 related to the assignment, mortgage, or pledge of rents or profits from real property, the recording of a security interest thereon, and exemptions; amend KRS 382.520 to clarify that an security interest in real property continues to exist, even after the loan is paid in its entirety, unless the terms of the mortgage contract indicate otherwise or until the mortgagor requests a release or partial release of the security interest.
Mar 1-introduced in House
Mar 2-to Judiciary (H)