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MO SB554

Bill

Official Source

Status

Introduced

1/4/2012

Primary Sponsor

Shalonn Curls

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Changes the notice period for foreclosed property occupants from ten business days to ninety days before unlawful detainer action can be commenced
  • Requires new property owners to notify residential tenants of foreclosure sales by certified/registered mail (if occupant name is known) or regular mail addressed to "occupant"
  • Mandates posting of notice on the premises door and specifies required text content including new owner contact information and tenant rights
  • Prohibits any unlawful detainer or possession action against occupants within ninety days following the foreclosure sale notice
  • Clarifies that remaining on the property after notice does not create a tenancy, but does not prevent new owners from negotiating rental or lease agreements with occupants

Legislative Description

Changes the notice requirement to a tenant in a foreclosure action from ten business days to ninety days

Last Action

Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee

1/5/2012

Committee Referrals

Judiciary And Civil And Criminal Jurisprudence1/5/2012

Full Bill Text

No bill text available