HB 1252 – AS INTRODUCED
2012 SESSION
08/05
HOUSE BILL 1252
AN ACT relative to required documentation of ownership in foreclosure proceedings.
SPONSORS: Rep. L. Christiansen, Hills 27
This bill requires the copying of the deed of a property to be foreclosed and the signature of the clerk before a foreclosure sale can take place.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2341
08/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to required documentation of ownership in foreclosure proceedings.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Mortgage Foreclosures; Proper Documentation. Amend RSA 479:25 by inserting after paragraph III the following new paragraph:
III-a. No foreclosure sale shall be valid until the holder of the deed presents the actual deed to the clerk, the clerk copies it and signs the authorization for the foreclosure sale to take place. Any bank that does not comply with this paragraph shall be fined $1,000 per day of noncompliance.
2 Effective Date. This act shall take effect upon its passage.