Bill Summaries: S54 (2013-2014 Session)

Tracking:
  • Bill S 54 (2013-2014)
    Summary date: Feb 5 2013 - View summary

    Enacts new subsection (c) to GS 1-339.31 (concerning public sales) to require the commissioner or trustee in the case of foreclosure of any deed of trust or mortgage to, within 60 days after filing the required report, record in the applicable register of deeds office a notice of foreclosure. Makes a corresponding change to GS 1-339.40 (concerning private sales). Amends GS 45-38 to clarify that a trustee or mortgagee in the case of a foreclosure of a deed of trust or mortgage (or attorney) must, within 60 days after filing the required final report of a sale of real property, record notice of foreclosure as indicated. Applies to any foreclosure of a deed of trust or mortgage occurring on or after October 1, 2013.
    Property and Housing
    GS 1, GS 45

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