Bob Wieckowski
- Democratic
Author
The Davis-Stirling Common Interest Development Act provides for the creation and regulation of common interest developments. Under existing law, a common interest development is managed by an association pursuant to the provisions of the governing documents of the development. Existing law also imposes various requirements that must be satisfied prior to exercising a power of sale under a mortgage or deed of trust. This bill would, notwithstanding any other law, require the transfer, following the sale, of a property in a common interest development, as defined, executed under a power of sale contained in any deed of trust or mortgage to be recorded within 30 days, as specified. Existing law requires a trustee or mortgagee to record a notice of default and to post and publish a notice of sale prior to selling real property at a foreclosure sale. Existing law allows an association, with respect to separate interests governed by the association, to record a single request that a mortgagee, trustee, or other person authorized to record a notice of default regarding any of those separate interests mail to the association a copy of any trustee's deed upon sale concerning a separate interest, as specified. Existing law requires that the information requested by the association be mailed within 15 business days following the date the trustee's deed is recorded. This bill would instead require that the requested information described above be mailed to the association within 15 business days following the date of the trustee's sale.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 255, Statutes of 2012.
Enrolled and presented to the Governor at 3:05 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 5951.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 15 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4473.).
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 3. Noes 1.) (June 26).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 24. Page 4917.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 8. Noes 1.) (May 8).
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 7. Noes 0.) (April 25).
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
Read first time.
From printer. May be heard in committee March 27.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2273 | HTML |
| 02/24/12 - Introduced | |
| 04/16/12 - Amended Assembly | |
| 04/26/12 - Amended Assembly | |
| 05/14/12 - Amended Assembly | |
| 07/03/12 - Amended Senate | |
| 08/20/12 - Enrolled | |
| 09/07/12 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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