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HB 396/LM/CI (BR 228) - J. Tilley, D. Horlander, M. Meredith

     AN ACT relating to secured property.
     Create a new section of KRS Chapter 426 to create an expedited sale mechanism for foreclosures involving vacant and abandoned real property; amend KRS 517.060, relating to the offense of defrauding a secured creditor, to include situations where collateral is intentionally damaged and to increase the penalties for the offense.


     HCS/LM/CI - Amend to modify the means by which vacancy and abandonment may be proved and to extend the time allowed for a court ordered sale to occur to 70 days.

     Feb 13-introduced in House
     Feb 14-to Banking & Insurance (H)
     Feb 16-posted in committee
     Feb 22-reported favorably, 1st reading, to Calendar
     Feb 23-2nd reading, to Rules; recommitted to Judiciary (H)
     Feb 29-posted in committee
     Mar 7-reported favorably, to Rules with Committee Substitute
     Mar 14-taken from Rules; placed in the Orders of the Day for Thursday, March 15, 2012
     Mar 16-3rd reading, passed 93-0 with Committee Substitute
     Mar 19-received in Senate
     Mar 21-to Judiciary (S)
     Mar 22-reported favorably, 1st reading, to Consent Calendar
     Mar 23-2nd reading, to Rules
     Mar 27-posted for passage in the Consent Orders of the Day for Tuesday, March 27, 2012; 3rd reading, passed 37-0
     Mar 28-received in House; enrolled, signed by Speaker of the House
     Mar 30-enrolled, signed by President of the Senate; delivered to Governor
     Apr 11-signed by Governor (Acts ch. 93)

Vote History
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