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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2019 Alabama Legislative Regular Session
  5. 2019 Alabama House Bills
  6. HB 218

HB 218

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Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Chris Pringle
Session
Regular Session 2019
Title
Residential Mortgage Satisfaction Act, recordation of satisfaction of non-resident mortgages, Sec. 35-10-27 repealed; Secs. 35-10-26, 35-10-30, 35-10-90, 35-10-91, 35-10-92, 35-10-94, 35-10-96 am'd.
Description

Under existing law, secured creditors are only required to submit for recording the satisfaction of any residential mortgages

Non-residential mortgages, including commercial mortgages, are excluded from the satisfaction reporting requirements of the Alabama Residential Mortgage Satisfaction Act and a satisfaction is only recorded upon a written request of a mortgagor or a creditor of the mortgagor

This bill would expand that act requiring recordation of satisfaction to include non-residential mortgages, and would rename that act the "Alabama Mortgage Satisfaction Act." This bill would also make conforming changes in the Code

To expand the Alabama Residential Mortgage Satisfaction Act to include non-residential mortgages and to rename that act accordingly; and to amend Sections 35-10-26 and 35-10-30 to make conforming changes.

Subjects
Mortgages

Bill Actions

Action Date Chamber Action
May 29, 2019 S Pending third reading on day 27 Favorable from Judiciary
May 29, 2019 S Read for the second time and placed on the calendar
May 28, 2019 S Read for the first time and referred to the Senate committee on Judiciary
May 23, 2019 H Engrossed
May 23, 2019 H Motion to Read a Third Time and Pass adopted Roll Call 992
May 23, 2019 H Motion to Adopt adopted Roll Call 991
May 23, 2019 H Financial Services first Substitute Offered
May 23, 2019 H Third Reading Passed
April 11, 2019 H Read for the second time and placed on the calendar with 1 substitute and
March 19, 2019 H Read for the first time and referred to the House of Representatives committee on Financial Services

Bill Calendar

Type Date Location Description
Hearing May 29, 2019 Committee Room 325 at 08:30 Senate JUDY Hearing
Hearing April 10, 2019 Room 617 at 09:00 House FS Hearing

Bill Text

Download HB 218 PDF

Bill Votes

Motion to Read a Third Time and Pass
2019-05-23
Chamber: House
Result: Passed
Motion to Adopt
2019-05-23
Chamber: House
Result: Passed

Bill Documents

Type Link
Bill Text HB 218 - Engrossed
Bill Text HB 218 - Introduced
Bill Amendments House Financial Services first Substitute Offered

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