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HB 142 (BR 459) - K. Bratcher, A. Simpson

     AN ACT relating to limitation of actions.
     Create a new section of KRS Chapter 426 to provide that actions to recover deficiency judgments resulting from foreclosure proceedings must be brought within 2 years of the foreclosure sale and establish procedure for determining fair market value of property; amend KRS 413.120 to include actions to recover monetary obligations arising from consumer loans, excluding loans secured by real property and loans for educational expenses; amend KRS 413.090 to conform.

     (Prefiled by the sponsor(s).)

     Jan 3-introduced in House; to Banking & Insurance (H)

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