Legislative Session number- 85

Bill Name: SF1533

3E Regulating certain transactions for homeowners with homes in foreclosure;
modifying certain definitions; modifying contract and notice of cancellation
requirements, certain language and content requirements; modifying certain
foreclosure consultants violations for loans; modifying certain foreclosure
purchasers definitions, redefining residence in foreclosure; modifying certain
foreclosed homeowner contract cancellation rights; modifying form and language
requirements for the notice of cancellation contract; expanding certain
prohibited practices of foreclosure purchasers; requiring a stay of eviction
action without imposition of a bond under certain conditions, imposing certain
penalties, providing for expiration of the stay; increasing the dollar amount of
the homestead exemption and providing for inflation adjustments; modifying
limitation provisions relating to homestead property; requiring the executing
creditor to obtain a court order directing a sale of the real property including
a homestead prior to service of the notice of execution; prohibiting real
property from being subject to execution under certain conditions; requiring a
judgment creditor to record a certified copy of the order directing sale of real
property; modifying service on judgment of debtor provisions; requiring sheriff
to file a report of the sale with the court, providing for confirmation and
resale provisions; modifying certificate of sale of realty and redemption of
realty provisions ; eliminating the sunset provision for certain mortgage
foreclosure provisions
(Ch. 106, 2007)