BILL · 2007–08 SESSION

SB 6431: Distressed property

Concerning distressed property conveyances.

Summary

  • A new chapter is created governing conveyances between a distressed property purchaser (any person acquiring an interest in distressed property) and the owner of residential real property that is distressed (in foreclosure, at risk of loss due to tax delinquency, or security for a loan in which the owner is more than 90 days delinquent).

From the Senate Bill Report (SB 6431), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 2008
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Rodney Tom (D-48)
Introduced
January 16, 2008 in the Senate
Last action
January 16, 2008
Requested by
State agency
Companion bill
HB 2791
Budget
Has a fiscal note

AN ACT Relating to distressed property conveyances;

Sponsors

Prime sponsor: Rodney Tom (D-48)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Consumer Protection & Housing.

SB 6431 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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