BILL · 2011–12 SESSION · LATEST VERSION SSB 5590

SB 5590: Foreclosure sales/liens

Concerning lien holder requirements for certain foreclosure sales.

Summary

  • Requires that under certain circumstances a senior beneficiary of a deed of trust on owner-occupied residential real property must respond to a short sale offer within 120 days of receiving the offer.

From the Substitute House Bill Report (SSB 5590), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 364, Laws of 2011
  1. IntroducedJan 31, 2011
  2. Out of committeeFeb 17, 2011
  3. Passed SenateMar 4, 2011
  4. Passed HouseApr 5, 2011
  5. GovernorMay 16, 2011
  6. LawMay 16, 2011
Prime sponsor
Don Benton (R-17)
Introduced
January 31, 2011 in the Senate
Last action
May 16, 2011
Session law
Chapter 364, Laws of 2011
Versions
SB 5590, SSB 5590

AN ACT Relating to lien holder requirements for certain foreclosure sales;

Sponsors

Prime sponsor: Don Benton (R-17)

Votes

Senate · 3rd Reading & Final Passage

Passed March 4, 2011
Version voted on: SSB 5590
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican22000
How each member voted

House · Final Passage as Amended by the House

Passed April 5, 2011
Version voted on: SSB 5590
96 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55000
Republican41001
How each member voted

Yea (96)

Excused (1)

Senate · Final Passage as Amended by the House

Passed April 19, 2011
Version voted on: SSB 5590
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican19003
How each member voted

History

  1. Effective date 7/22/2011. (SSB 5590)
  2. Chapter 364, 2011 Laws. (SSB 5590)
  3. Governor signed. (SSB 5590)
  4. Delivered to Governor. (SSB 5590)
  5. Speaker signed. (SSB 5590)
  6. President signed. (SSB 5590)
  7. Passed final passage; yeas, 46; nays, 0; absent, 0; excused, 3. (SSB 5590)
  8. Senate concurred in House amendments. (SSB 5590)
  9. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 1. (SSB 5590)
  10. Rules suspended. Placed on Third Reading. (SSB 5590)
  11. Committee amendment adopted with no other amendments. (SSB 5590)
  12. Placed on second reading by Rules Committee. (SSB 5590)
  13. Passed to Rules Committee for second reading. (SSB 5590)
  14. Minority; do not pass. (SSB 5590)
  15. JUDI - Majority; do pass with amendment(s). (SSB 5590)
  16. JUDI - Executive action taken by committee. (SSB 5590)
  17. First reading, referred to Judiciary. (SSB 5590)
  18. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SSB 5590)
  19. Rules suspended. Placed on Third Reading. (SSB 5590)
  20. 1st substitute bill substituted. (SSB 5590)
  21. 1st substitute bill substituted.
  22. Placed on second reading by Rules Committee. (SSB 5590)
  23. Placed on second reading by Rules Committee.
  24. Made eligible to be placed on second reading. (SSB 5590)
  25. Made eligible to be placed on second reading.
  26. Passed to Rules Committee for second reading. (SSB 5590)
  27. FIHI - Majority; 1st substitute bill be substituted, do pass. (SSB 5590)
  28. Minority; without recommendation. (SSB 5590)
  29. Minority; without recommendation.
  30. FIHI - Majority; 1st substitute bill be substituted, do pass.
  31. Passed to Rules Committee for second reading.
  32. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5590 in other sessions

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

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