The act enacts the 'Uniform Mortgage Modification Act', drafted by the Uniform Law Commission. The act provides that, in the event that a mortgage is modified:The mortgage continues to secure the obligation as modified;The modification does not affect the priority of the mortgage;A mortgage retains its priority regardless of whether a modification agreement is recorded; andThe modification is not a novation.(Note: This summary applies to this bill as enacted.)
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Mar 31Senate Third Reading Passed - No AmendmentsPassed Senate
Vote recorded BILL. Result: pass.Lower
Vote recorded BILL. Result: pass.Upper
Mar 30Senate Second Reading Passed - No AmendmentsMinor
Mar 25Senate Committee on Judiciary Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
Vote recorded Refer House Bill 26-1089 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
Mar 16Introduced In Senate - Assigned to JudiciaryMinor
Mar 11House Third Reading Passed - No AmendmentsPassed House
Vote recorded BILL. Result: pass.Lower
Mar 10House Second Reading Special Order - Passed with Amendments - Committee
Mar 10House Second Reading Passed with Amendments - CommitteeMinor
Mar 2House Second Reading Laid Over Daily - No Amendments
Mar 2House Second Reading Special Order - Laid Over Daily - No Amendments
Feb 25House Committee on Judiciary Refer Amended to House Committee of the WholeMinor
Vote recorded Adopt amendment L.001 (Attachment B). Result: pass.Lower
Vote recorded Refer House Bill 26-1089, as amended, to the Committee of the Whole. Result: pass.Lower
Feb 2Introduced In House - Assigned to JudiciaryIntroduced