Kentucky House Bill 460 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Enrolled on March 3 2011 - 75% progression, died in chamber
Action: 2011-03-15 - signed by Governor
Text: Latest bill text (Draft #2) [MS Word]

Create a new section of KRS Chapter 426 to permit a court upon the request of a creditor or mortgage holder to secure the services of an auctioneer licensed in this state to conduct the public sale, fix the auctioneer's fee, and order the fee to be paid out of the proceeds of the sale; include caps for the licensed auctioneer's fee that do not include expenses and fees incurred by the master commissioner for the sale under KRS 31A.010(4); require the master commissioner to employ a licensed auctioneer to handle the sale upon terms and conditions acceptable to the creditor or mortgage holder; require the sale to be conducted on the site of real property to be sold if the public sale is conducted by a licensed auctioneer; permit a master commissioner who is also a licensed auctioneer to recover fees for acting in his or her capacity as master or special commissioner under KRS 31A.010(4), but prohibit the master commissioner from collecting any extra fee for acting as an auctioneer; clarify that nothing contained in this section waives any provision of KRS 426.160, 426.200, or 426.560.

AN ACT relating to auctioneer services.

Rep. Linda Belcher [D]

Rep. Jeff Hoover [R]

Rep. Sannie Overly [D]

Date	Chamber	Action
2011-03-15		signed by Governor
2011-03-03		delivered to Governor
2011-03-03		enrolled, signed by each presiding officer
2011-03-03		received in House
2011-03-03		3rd reading, passed 37-0
2011-03-03		posted for passage in the Consent Orders of the Day for Thursday, March 3, 2011
2011-03-02		2nd reading, to Rules
2011-03-01		reported favorably, 1st reading, to Consent Calendar
2011-02-23		to Licensing, Occupations, & Administrative Regulations (S)
2011-02-18		received in Senate
2011-02-18		3rd reading, passed 96-0
2011-02-17		posted for passage in the Consent Orders of the Day for Friday, February 18, 2011
2011-02-17		2nd reading, to Rules
2011-02-16		reported favorably, 1st reading, to Consent Calendar
2011-02-15		posting waived
2011-02-14		to Banking & Insurance (H)
2011-02-11		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/HB460.htm
Text	http://www.lrc.ky.gov/record/11RS/HB460/bill.doc