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CA AB2273
Bill
Status
9/7/2012
Primary Sponsor
Roger Dickinson
Click for details
AI Summary
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Requires transfer documents following foreclosure sales in common interest developments to be recorded within 30 days after the sale date with the county recorder.
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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.
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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.
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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