Amends existing law to provide that a purchaser at a trustee's sale shall be entitled to dispose of titled or nontitled personal property under certain conditions.
FORECLOSURE - Amends existing law to provide that a purchaser at a trustee's sale shall be entitled to dispose of titled or nontitled personal property under certain conditions.
STATEMENT OF PURPOSE
This legislation clarifies that following the tenth day of a trustee's sale the purchaser may remove any non-titled personal property remaining in unoccupied premises and place in suitable storage for a period of 90 days. Before disposing of any personal property from the unoccupied premises, the purchaser shall provide both a written notice to the last known occupant and a posted notice to the premises. The notice shall describe the personal property which was collected and the contact information for the retrieval of said personal property. If the owner of the personal property fails to claim the property in 90 days, the purchaser may dispose of the property and shall have no further liability regarding said property.
HOW THEY VOTED
Senate Third Reading
YEA (34)
NAY (0)
ABSENT / NOT VOTING (1)
House Third Reading
YEA (67)
NAY (0)
ABSENT / NOT VOTING (3)
LATEST ACTION
Signed by Governor on 04/05/16 Session Law Chapter 364 Effective: 07/01/2016
BILL INFO
- Session
- 2016
- Chamber
- senate
- Status date
- Apr 5, 2016