KY HB551 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 1 2010 - 25% progression, died in committee
Action: 2010-03-02 - to Judiciary (H)
Pending: House Judiciary Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on March 1 2010 - 25% progression, died in committee
Action: 2010-03-02 - to Judiciary (H)
Pending: House Judiciary Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Create a new section of KRS Chapter 382 related to the assignment, mortgage, or pledge of rents or profits from real property, the recording of a security interest thereon, and exemptions; amend KRS 382.520 to clarify that an security interest in real property continues to exist, even after the loan is paid in its entirety, unless the terms of the mortgage contract indicate otherwise or until the mortgagor requests a release or partial release of the security interest.
Title
AN ACT relating to real property.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-02 | to Judiciary (H) | |
| 2010-03-01 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/10RS/HB551.htm |
| Text | http://www.lrc.ky.gov/record/10RS/HB551/bill.doc |
