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FL H0371

Bill

Official Source

Status

Failed

5/3/2013

Primary Sponsor

Ron Saunders

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Applies to homestead property mortgages entered into between January 1, 2004, and December 31, 2008.
  • Sets statute of limitations for deficiency judgments at one year after final foreclosure judgment, or July 1, 2014, for judgments entered before July 1, 2013.
  • Limits judgment holders to 2 years to collect moneys owed after entering a deficiency judgment.
  • Allows equitable tolling of the 2-year collection period if the lienholder establishes debtor fraud or contempt of court.
  • Makes lienholders liable to debtors for actual damages, elimination of the lien, attorney fees, and costs for violations of this section.

Legislative Description

Homestead Foreclosure Relief

Last Action

Died in Civil Justice Subcommittee

5/3/2013

Committee Referrals

Civil Justice Subcommittee1/30/2013

Full Bill Text

No bill text available