SB 877 – Modifies provisions relating to the publication of notice of the sale of real estate

• Sponsor: Onder
• LR Number: 4803S.02I
• Committee: Judiciary and Civil and Criminal Jurisprudence
• Last Action: 2/12/2018 - Voted Do Pass S Judiciary and Civil and Criminal Jurisprudence Committee
• Effective Date: August 28, 2018

Current Bill Summary

SB 877 - Under current law, notice of the sale of real estate made pursuant to a mortgage or deed of trust is required to be made with at least 20 days' notice through a newspaper. This act provides that notice of sale may also be made through electronic publication, at the discretion of the trustee. The act further sets forth restrictions and requirements for the posting of the notice on the internet.

This act is substantially similar to a provision in HCS/SB 909 (2018), HCS/HB 1651 (2018), and SB 159 (2017).

SCOTT SVAGERA