BILL · 2013–14 SESSION

SB 5541: Real property redemption

Concerning the redemption of real property.

Summary

  • Provides that whether a lien is subsequent in "priority," rather than subsequent in "time," to the lien on which the property was sold, determines whether a lien holder is a "redemptioner" for purposes of redeeming following a foreclosure sale.

From the House Bill Report (SB 5541), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 53, Laws of 2013
  1. IntroducedFeb 4, 2013
  2. Out of committeeFeb 20, 2013
  3. Passed SenateMar 11, 2013
  4. Passed HouseApr 9, 2013
  5. GovernorApr 23, 2013
  6. LawApr 23, 2013
Prime sponsor
Steve Hobbs (D-44)
Introduced
February 4, 2013 in the Senate
Last action
April 23, 2013
Session law
Chapter 53, Laws of 2013

AN ACT Relating to redemption of real property;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

Senate · 3rd Reading & Final Passage

Passed March 11, 2013
Version voted on: SB 5541
47 Yea 2 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat24200
Republican23000
How each member voted

House · Final Passage

Passed April 9, 2013
Version voted on: SB 5541
93 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat54001
Republican39004
How each member voted

Yea (93)

History

  1. Effective date 7/28/2013.
  2. Chapter 53, 2013 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. JUDI - Majority; do pass.
  12. JUDI - Executive action taken by committee.
  13. First reading, referred to Judiciary (Not Officially read and referred until adoption of Introduction report).
  14. Third reading, passed; yeas, 47; nays, 2; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. FIHI - Majority; do pass.
  18. Passed to Rules Committee for second reading.
  19. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5541 in other sessions

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

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