Bill Summary for H 469 (2023-2024)

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Summary date: 

Mar 23 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 469 (Public) Filed Thursday, March 23, 2023
AN ACT TO SUPPLEMENT AND EXTEND PROTECTIONS FROM REAL ESTATE FORECLOSURES FOR OUR SERVICEMEMBERS.
Intro. by Cleveland, Shepard.

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Bill summary

Amends GS 45-21.12A (pertaining to the power of sale during periods of military service) extending the time a mortgagee, trustee, or other creditor is barred from executing a power of sale against a mortgagor, debtor, or trustor from 90 days after their military service to 365 days after their military service. Makes a conforming change. Applies to petitions filed on or after the act becomes law.