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MO SB676
Bill
Status
1/8/2014
Primary Sponsor
Shalonn Curls
Click for details
AI Summary
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Extends the notice period required when a foreclosed property occupied by a residential tenant is sold, changing from ten business days to ninety days before the new owner can seek possession
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Requires the new owner to notify the occupant by certified or registered mail (if the tenant's name is known) or regular mail addressed to "occupant" (if the name is unknown), plus posting notice on the premises door
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Prohibits unlawful detainer actions or other possession actions against the occupant for ninety days following the date the new owner provides notice of the foreclosure sale
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Specifies that the notice must contain particular language identifying the new owner, property address, foreclosure sale date, and contact information, and clarifies that no tenancy is created between the new owner and occupant unless agreed to in writing
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Allows the new owner to enter into a rental or lease agreement with the occupant but does not require the new owner to do so
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
1/30/2014