HB 1623 Residential rental property; foreclosure shall act as a termination agreement.
David E. Yancey | all patrons    ...    notes
| add to my profiles

Summary as passed: (all summaries)

Residential rental property. Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill provides that the foreclosure of a residential rental property shall act as a termination of the rental agreement by the owner of such property. In such case, the tenant may remain in possession of such dwelling unit as a month-to-month tenant on the terms of the terminated rental agreement until the successor owner gives a notice of termination of such month-to-month tenancy. The bill also provides how rental payments may be made during the period of the month-to-month tenancy. In addition, the bill requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. This bill is identical to SB 991.

Full text:
01/04/17  House: Prefiled and ordered printed; offered 01/11/17 17101394D  pdf | impact statement
01/24/17  House: Printed as engrossed 17101394D-E  pdf | impact statement
02/06/17  Senate: Committee substitute printed 17105244D-S1  pdf | impact statement
02/14/17  House: Bill text as passed House and Senate (HB1623ER)  pdf | impact statement
02/20/17  Governor: Acts of Assembly Chapter text (CHAP0063)  pdf

Amendments:
House amendments

Status:
01/04/17  House: Prefiled and ordered printed; offered 01/11/17 17101394D
01/04/17  House: Referred to Committee on General Laws
01/16/17  House: Assigned GL sub: Subcommittee #1
01/17/17  House: Subcommittee recommends reporting with amendment (7-Y 0-N)
01/19/17  House: Reported from General Laws with amendment (22-Y 0-N)
01/23/17  House: Read first time
01/24/17  House: Read second time
01/24/17  House: Committee amendment agreed to
01/24/17  House: Engrossed by House as amended HB1623E
01/24/17  House: Printed as engrossed 17101394D-E
01/25/17  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/25/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
01/26/17  Senate: Constitutional reading dispensed
01/26/17  Senate: Referred to Committee on General Laws and Technology
02/06/17  Senate: Reported from General Laws and Technology with substitute (13-Y 0-N)
02/06/17  Senate: Committee substitute printed 17105244D-S1
02/08/17  Senate: Constitutional reading dispensed (39-Y 0-N)
02/09/17  Senate: Read third time
02/09/17  Senate: Reading of substitute waived
02/09/17  Senate: Committee substitute agreed to 17105244D-S1
02/09/17  Senate: Engrossed by Senate - committee substitute HB1623S1
02/09/17  Senate: Passed Senate with substitute (40-Y 0-N)
02/13/17  House: Placed on Calendar
02/13/17  House: Senate substitute agreed to by House 17105244D-S1 (97-Y 0-N)
02/13/17  House: VOTE: ADOPTION (97-Y 0-N)
02/14/17  House: Enrolled
02/14/17  House: Bill text as passed House and Senate (HB1623ER)
02/14/17  House: Signed by Speaker
02/15/17  Senate: Signed by President
02/15/17  House: Enrolled Bill communicated to Governor on 2/15/17
02/15/17  Governor: Governor's Action Deadline Midnight, February 22, 2017
02/20/17  Governor: Approved by Governor-Chapter 63 (effective 7/1/17)
02/20/17  Governor: Acts of Assembly Chapter text (CHAP0063)