HB 2547 Deeds of trust on property exempt from levy or distress; refinancing.
William P. Robinson, Jr. | all patrons    ...    notes
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Summary:
Deeds of trust on property exempt from levy or distress; refinancing. Stipulates that deeds of trust, mortgages or other sources of liens on property given in conjunction with refinancing are not void vis-?-vis property otherwise exempt from distress or levy under 34-26 (identifying property exempt from creditor process). The debtor exemptions established by 34-26 are currently inapplicable to deeds of trust, mortgages, etc., but the law is silent concerning the effect of these instruments when given in connection with refinancing.

Full text:
01/20/97  House: Presented & ordered printed 970606288  pdf

Status:
01/20/97  House: Presented & ordered printed 970606288
01/20/97  House: Referred to Committee for Courts of Justice
01/23/97  House: Assigned to C. J. sub-committee: 2
02/04/97  House: No action taken by Courts of Justice by voice vote