House committee substitute to the 1st edition makes the following change. Changes effective date from when the act becomes law to December 1, 2023.
Bill Summaries: H 469 FORECLOSURES/EXTEND SERVICEMEMBER PROTECTIONS.
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Bill H 469 (2023-2024)Summary date: Apr 5 2023 - View Summary
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Bill H 469 (2023-2024)Summary date: Mar 23 2023 - View 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.