Relating to documentation requirements for foreclosures; declaring an emergency.
Catchline/Summary:
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 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.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 484 Senate Committee On General Government, Consumer and Small Business Protection
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