SB 365 - Property; collected funds; change prov.; residential real property; provide form Acknowledgment and Waiver of Borrower's Rights

Current VersionPDF Version

Sponsored By

Committees

Current Status

05/02/12 - Senate Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Article 3 of Chapter 19 of Title 15 of the Official Code of Georgia Annotated, relating to the regulation of the practice of law, so as to define a term; to provide for a private cause of action; to amend Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to mortgages, conveyances to secure debt, and liens, so as to change provisions relating to collected funds; to provide for penalties; to require an attorney to attest that a borrower knowingly, intentionally, and willingly executed such form; to provide that mortgages shall be voidable if a waiver of borrower's rights and attorney attestation is not completed for a residential real property mortgage; to provide for related matters; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
DateTimeVote NoYeasNaysNVExcDescription
02/28/201211:16AMSenate Vote #534052002000002PASSAGE BY SUBSTITUTE
03/26/201211:26AMHouse Vote #746129029015007PASSAGE
03/27/20129:40PMSenate Vote #802046001005004AGREE TO HOUSE SUBSTITUTE AS AMENDED
03/29/201210:54PMHouse Vote #862152008015005Agree Sen Am

Status History

Bill History
DateAction
02/01/2012Senate Read and Referred
02/23/2012Senate Committee Favorably Reported
02/24/2012Senate Read Second Time
02/28/2012Senate Third Read
02/28/2012Senate Passed/Adopted
02/29/2012House First Readers
03/05/2012House Second Readers
03/20/2012House Committee Favorably Reported
03/26/2012House Third Readers
03/26/2012House Passed/Adopted
03/27/2012Senate Agrees House Amend or Sub
03/29/2012House Agree Senate Amend or Sub
04/05/2012Senate Sent to Governor
05/02/2012Senate Date Signed by Governor
05/02/2012Act 744
07/01/2012Effective Date

Footnotes

3/27/2012 Senate agreed to House substitute as amended
3/29/2012 House agrees to Senate Amendment to House Substitute