Joseph M. Lyons
- Democratic
Creates the Foreclosed Home Receiver License Act. Provides for the licensure of a receiver of a home foreclosed on by a mortgagee that is a bank. Provides that upon possession of a foreclosed home, a licensee under the Act shall hold onto and preserve all remaining personal property of the mortgagor or former occupant, with certain exceptions, for at least 30 days or until the mortgagor or occupant releases his or her claim to the property in writing, whichever occurs sooner. Provides that the receiver must post a public notice containing certain specified information related to how the personal property may be reclaimed by the mortgagor or former occupant. Provides that the Department of Financial and Professional Regulation shall adopt rules to administer the provisions of the Act. Sets forth powers and duties of the Department, licensure requirements, grounds for discipline, civil and criminal penalties for violation of the Act, and administrative procedure. Includes provisions concerning exemption from the Act. Amends the Regulatory Sunset Act to set a repeal date of January 1, 2021 for the new Act. Amends the Code of Civil Procedure to make corresponding changes in provisions concerning the appointment of receivers. Effective immediately.
Session Sine Die
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Second Reading
Placed on Calendar Order of 3rd Reading May 3, 2010
Senate Committee Amendment No. 1 Adopted
Placed on Calendar Order of 2nd Reading April 30, 2010
Do Pass as Amended Financial Institutions; 010-000-000
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
Rule 2-10 Committee Deadline Established As May 7, 2010
Postponed - Financial Institutions
Assigned to Financial Institutions
Chief Senate Sponsor Sen. Iris Y. Martinez
Arrive in Senate
Placed on Calendar Order of First Reading
First Reading
Referred to Assignments
Third Reading - Short Debate - Passed 061-041-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Adopted by Voice Vote
Second Reading - Short Debate
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
House Floor Amendment No. 1 Filed with Clerk by Rep. Joseph M. Lyons
House Floor Amendment No. 1 Referred to Rules Committee
Do Pass / Short Debate Business & Occupational Licenses Committee; 014-000-000
Placed on Calendar 2nd Reading - Short Debate
Added Co-Sponsor Rep. Daniel J. Burke
Added Co-Sponsor Rep. Luis Arroyo
Assigned to Business & Occupational Licenses Committee
Referred to Rules Committee
Filed with the Clerk by Rep. Joseph M. Lyons
First Reading
Bill Text Versions | Format |
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Introduced | HTML |
Engrossed | HTML |
Document | Format |
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Senate Amendment 001 | |
House Amendment 001 |
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