Bill Summary for H 164 (2011-2012)

Printer-friendly: Click to view
Bill: RELEASE OF UPSET BID DEPOSIT (NEW).

Summary date: 

Feb 23 2011
S.L. 2011-204

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 164 (Public) Filed Wednesday, February 23, 2011
TO REQUIRE THAT THE NOTICE OF SALE AND THE NOTICE FILED BY AN UPSET BIDDER IN A FORECLOSURE PROCEEDING INCLUDE AN EXPLANATION OF THE EFFECT OF A BANKRUPTCY PETITION THAT IS FILED DURING THE TEN DAY UPSET BID PERIOD.
Intro. by Randleman.

View: All Summaries for BillTracking:

Bill summary

Adds subdivision (9) to GS 45-21.16A(a) (regarding notice of sale) and adds subdivision (3a) to GS 45-21.27(e) (regarding an upset bid on real property) as the title indicates. Makes a technical change to GS 45-21.27(e). Effective October 1, 2011, and applies to upset bid notices filed on or after that date.