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AR HB1499

Bill

Status

Failed

4/24/2019

Primary Sponsor

John Maddox

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 18-50-105 to modify foreclosure sale notice publication requirements for mortgagees and trustees
  • Requires notice publication in a newspaper of general circulation in the county where the property is located one time per week for four consecutive weeks prior to the sale, with final publication no more than ten days before the sale
  • Adds requirement to employ a third-party posting provider to post notice at the county courthouse where foreclosure sales are customarily advertised and conducted
  • Adds requirement to employ a third-party internet foreclosure sale notice information service provider
  • Provides alternative publication method for counties without a newspaper of general circulation: publication in a statewide daily newspaper plus compliance with standard publication manner requirements

Legislative Description

To Amend The Law Concerning The Publication Of Notice Required For A Statutory Foreclosure.

Last Action

Sine Die adjournment

4/24/2019

Committee Referrals

Insurance & Commerce2/25/2019
Insurance and Commerce2/18/2019

Full Bill Text

No bill text available