Enacts new subsection (c) to GS 1-339.31 (concerning public sales) to require the commissioner or trustee in the case of foreclosure of any deed of trust or mortgage to, within 60 days after filing the required report, record in the applicable register of deeds office a notice of foreclosure. Makes a corresponding change to GS 1-339.40 (concerning private sales). Amends GS 45-38 to clarify that a trustee or mortgagee in the case of a foreclosure of a deed of trust or mortgage (or attorney) must, within 60 days after filing the required final report of a sale of real property, record notice of foreclosure as indicated. Applies to any foreclosure of a deed of trust or mortgage occurring on or after October 1, 2013.
TIME FOR RECORDING FORECLOSURE NOTICE.
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A BILL TO BE ENTITLED AN ACT REQUIRING THAT IN CASE OF FORECLOSURE OF A DEED OF TRUST OR MORTGAGE THE COMMISSIONER OR TRUSTEE AUTHORIZED TO SELL THE PROPERTY SHALL RECORD A NOTICE OF FORECLOSURE IN THE OFFICE OF THE REGISTER OF DEEDS WITHIN SIXTY DAYS AFTER FILING THE FINAL REPORT ON THE SALE OF THE PROPERTY.Intro. by Graham.
Status: Re-ref Com On Judiciary II (Senate Action) (Mar 7 2013)
Bill History:
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Tue, 5 Feb 2013 Senate: Filed
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Wed, 6 Feb 2013 Senate: Passed 1st Reading
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Wed, 6 Feb 2013 Senate: Ref To Com On Judiciary II
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Tue, 19 Feb 2013 Senate: Reptd Fav
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Wed, 20 Feb 2013 Senate: Withdrawn From Cal
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Wed, 20 Feb 2013 Senate: Placed On Cal For 02/27/2013
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Wed, 27 Feb 2013 Senate: Withdrawn From Cal
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Wed, 27 Feb 2013 Senate: Placed On Cal For 03/07/2013
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Thu, 7 Mar 2013 Senate: Withdrawn From Cal
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Thu, 7 Mar 2013 Senate: Re-ref Com On Judiciary II
S 54
Bill Summaries:
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Bill S 54 (2013-2014)Summary date: Feb 5 2013 - View Summary
View: All Summaries for Bill