SB 433 - Kraus, Will
Modifies the law relating to deeds of trust
Bill Details
Sponsor
LR Number
1883S.01I
Title
SB 433
House Handler
N/A
Journal Page
Effective Date
August 28, 2011
Current Status
Second Read and Referred S Judiciary and Civil and Criminal Jurisprudence Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 433 - Beneficiaries of deeds of trust who are not the originating beneficiary shall record a document regarding the beneficiary's legal interest in the deed containing certain identifying information. The document shall be recorded in the same manner as the notice of trustee's sale.
Failure to properly record shall result in a voidable sale.
Those with an interest in the trust property may file an action to void the sale.
CHRIS HOGERTY