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FL S0780

Bill

Official Source

Status

Failed

4/30/2010

Primary Sponsor

Evelyn Lynn

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Financial institutions initiating or maintaining foreclosure proceedings against residential property must timely pay all associated fees owed by that property, including homeowners' association fees, maintenance fees, and property taxes
  • Financial institutions must pay such fees accruing from the date the foreclosure action is initiated through the date the foreclosure is finalized
  • The requirement applies retroactively to all foreclosure proceedings pending as of the bill's effective date
  • The requirement applies to all foreclosure proceedings initiated on or after the bill's effective date
  • The act takes effect upon becoming law

Legislative Description

Foreclosure Proceedings/Payment of Fees [CPSC]

Last Action

Died in Committee on Banking and Insurance

4/30/2010

Committee Referrals

Banking and Insurance12/17/2009

Full Bill Text

No bill text available