SB 183 - Bill Information - Missouri Senate

SB 183 - Curls, Shalonn

Repeals provisions regarding nonjudicial foreclosure proceedings and requires all foreclosure proceedings to be handled judicially

Sponsor

Curls, Shalonn

LR Number

0811S.01I

Title

SB 183

House Handler

N/A

Journal Page

S221

Effective Date

August 28, 2015

Committee

Judiciary and Civil and Criminal Jurisprudence

Current Status

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

List of 2015 Senate Bills

No amendments available

SB 183 - This act repeals provisions of law which provide that a sale made by a mortgagee, secured party, or personal representative with power of sale pursuant to a mortgage or security agreement is valid and binding upon the mortgagor and debtor, and that such sale shall foreclose all right and equity of redemption of the property sold. The act provides that beginning August 28, 2015, all foreclosure proceedings shall be handled judicially. This act is substantially similar to HB 526 (2015) and HB 2282 (2014). JESSI BAKER