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MO SB151
Bill
Status
Introduced
1/16/2013
Primary Sponsor
Shalonn Curls
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AI Summary
- Increases the notice period required before a foreclosure sale occupant must vacate from 10 business days to 90 days
- Requires new property owners to notify residential tenants of foreclosure sales by certified or registered mail (if occupant name is known) or regular mail addressed to "occupant" if name is unknown
- Prohibits unlawful detainer actions or other possession proceedings against occupants for 90 days following notice of the foreclosure sale
- Specifies required notice content including new owner contact information and clarifies that occupancy does not create a tenancy relationship unless a rental agreement is entered
- Allows new owners to voluntarily negotiate rental or lease agreements with occupants to permit them to remain in the property
Legislative Description
Changes the notice requirement to a tenant in a foreclosure action from ten days to ninety days
Last Action
Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee
1/31/2013
Committee Referrals
Judiciary And Civil And Criminal Jurisprudence1/31/2013
Full Bill Text
No bill text available