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)