Loading chat...

CA AB2273

Bill

Status

Passed

9/7/2012

Primary Sponsor

Roger Dickinson

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Requires transfer documents following foreclosure sales in common interest developments to be recorded within 30 days after the sale date with the county recorder.

  • Changes the timing requirement for associations to receive copies of trustee's deeds from 15 business days after the deed is recorded to 15 business days after the trustee's sale occurs.

  • Clarifies that failure to timely record the transfer document or mail the trustee's deed copy does not affect the validity of the foreclosure sale or the title of a bona fide purchaser.

  • Allows associations managing common interest developments to file a single request with the county recorder to receive copies of trustee's deeds for all separate interests they govern, rather than individual requests.

Legislative Description

Common interest developments: required documents.

Last Action

Chaptered by Secretary of State - Chapter 255, Statutes of 2012.

9/7/2012

Committee Referrals

Judiciary5/31/2012
Rules5/21/2012
Judiciary4/25/2012
Housing and Community Development3/22/2012

Full Bill Text

No bill text available