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GA HB676
Bill
Status
Introduced
1/11/2018
Primary Sponsor
Paulette Rakestraw
Click for details
AI Summary
- Defines "service member" as a member on active duty (per 10 U.S.C. Section 101), including National Guard members on ordered federal duty for 30 days or longer
- Allows a court to stay or equitably dispose of foreclosure proceedings against a service member on real property owned prior to the start of active duty, and requires the court to grant a stay upon application by the service member unless the member's ability to pay is not materially affected
- Invalidates any sale or foreclosure on a service member's real property for nonpayment or breach of obligation during active duty or within one year thereafter, unless ordered by a court or waived by the service member under 50 U.S.C. Section 3918
- Limits protections to obligations secured by mortgages, deeds to secure debt, trust deeds, or similar instruments on real property owned at the start of active duty, where the obligation originated before the service member's active duty period began
Legislative Description
Property; protections for military service members in the event of foreclosures to enforce secured obligations; provide
Last Action
House Committee Favorably Reported By Substitute
2/23/2018
Full Bill Text
No bill text available