Ellen Corbett
- Democratic
Author
Existing law provides that no deficiency judgment lies in any event after a sale of real property or an estate for years for failure of the purchaser to complete the contract of sale, or under a mortgage or trust deed given to the vendor to secure payment of the balance of the purchase price of real property, or under a mortgage or trust deed on a dwelling, as specified, given to a lender to secure repayment of a loan which was in fact used to pay all or part of the purchase price of the dwelling. This bill would provide that a loan used to pay all or part of the purchase price of real property or an estate for years includes a subsequent loan, mortgage, or deed of trust that refinances or modifies the original loan, but only to the extent that the subsequent loan was used to pay debt incurred to purchase the real property. The bill would become operative on June 1, 2011, and would apply only to actions filed after its operative date.
Died on file.
In Senate. To unfinished business. (Veto)
Vetoed by Governor.
Enrolled. To Governor at 5 p.m.
In Senate. To enrollment.
Read third time. Passed. (Ayes 60. Noes 17. Page 6367.) To Senate.
Read second time. To third reading.
From committee: Do pass. (Ayes 8. Noes 2.)
(Heard in committee on June 29.)
To Com. on JUD.
Placed on third reading.
Withdrawn from committee.
Read third time. Amended.
Senate Rule 29.3 suspended. (Page 3780.)
Read third time. Passed. (Ayes 30. Noes 4. Page 3780.) To Assembly.
In Assembly. Read first time. Held at Desk.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on RLS.
(Ayes 28. Noes 0. Page 3660.)
Reconsideration granted.
Motion to reconsider made by Senator Corbett.
Read third time. Refused passage. (Ayes 19. Noes 5. Page 3660.)
Read second time. To third reading.
Read third time. Amended. To second reading.
Read second time. To third reading.
From committee: Do pass. (Ayes 3. Noes 1. Page 3001.)
Set for hearing March 23.
To Com. on JUD.
From print. May be acted upon on or after March 21.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1178 | HTML |
| 02/18/10 - Introduced | |
| 05/13/10 - Amended Senate | |
| 06/02/10 - Amended Senate | |
| 06/03/10 - Amended Senate | |
| 08/23/10 - Enrolled |
| Document | Format |
|---|---|
| No related documents. |
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