Senate Bill 236 Summary

• Extends mortgage and vendor's lien expiration periods from 10 to 20 years for liens created before July 1, 2012, when the record does not show the due date of the last installment.

• For liens created before July 1, 2012, with missing execution dates, the expiration period is 20 years from the recording date instead of 10 years.

• Maintains the 10-year expiration period for mortgages and vendor's liens created after June 30, 2012.

• Allows mortgagees or lienholders to file affidavits with county recorders to establish debt due dates, with filing deadlines of 20 years (pre-2012 liens) or 10 years (post-2012 liens).

• Removes the prohibition on foreclosure actions if the last installment has been due more than 10 years, allowing actions within the extended 20-year period for pre-2012 liens.