2011 House Bill 5176

Increase foreclosed mortgage redemption period

Introduced in the House

Nov. 10, 2011

Introduced by Rep. Rick Olson (R-55)

To increase the amount of time given to a delinquent borrower whose mortgage has been foreclosed “by advertisement” to redeem the property after the foreclosure sale.

Referred to the Committee on Banking and Financial Services

Dec. 1, 2011

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

March 29, 2012

Motion by Rep. Jim Stamas (R-98)

The motion passed by voice vote

Referred to the Committee on Banking and Financial Services