summary
Introduced
03/30/2023
03/30/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO ALLOW FOR CERTAIN FORECLOSURE SALES TO BE CONDUCTED AT DESIGNATED PUBLIC LOCATIONS, TO EXPAND THE TIME ALLOWED FOR A SCHEDULED FORECLOSURE SALE TO COMMENCE, AND TO ESTABLISH A PROCEDURE FOR REMOTE BIDDING AT A FORECLOSURE SALE.
AI Summary
This bill allows for certain foreclosure sales to be conducted at designated public locations within the county where the property is situated, expands the time allowed for a scheduled foreclosure sale to commence from one hour to up to three hours, and establishes a procedure for remote bidding at a foreclosure sale. The bill also specifies that any charges incurred by the person exercising the power of sale in connection with remote bidding shall not be chargeable to the mortgagor or otherwise recoverable as costs and expenses of the foreclosure. The provisions of the bill apply to notices of foreclosure sale filed with the clerk of superior court on or after October 1, 2023.
Sponsors (6)
Dave Craven (R)*,
Todd Johnson (R)*,
Tom McInnis (R)*,
Jim Burgin (R),
Dean Proctor (R),
Mike Woodard (D),
Last Action
Ref To Com On Rules and Operations of the Senate (on 04/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/S439 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S439v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/Senate/PDF/S439v0.pdf |
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