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Bill

Bill

LC 787

Revise mortgages of real property laws

2025 Regular Session

The bill aimed to revise mortgage laws for real property, but its specific changes are unknown since the text was not provided.

(LC) Draft Died in Process
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WeVote Research Nonpartisan
Bill Summary · LC 787

Summary: LC 787 — Revise mortgages of real property laws

Overview

  • Bill number: LC 787
  • Title: Revise mortgages of real property laws
  • Subject: Property
  • Classification: bill
  • Introduced: November 4, 2024
  • Status: (LC) Draft Died in Process
  • Note: The bill’s text and specific provisions are not provided in the available information.

Status and Timeline

  • 2024-11-04: Drafter Assigned
  • 2024-11-04: Draft On Hold
  • 2025-05-23: Draft Died in Process

The draft was placed on hold shortly after introduction, and, as of May 23, 2025, did not advance and was recorded as having died in the legislative process. No further actions or reintroduction details are provided in the available record.

Purpose and Intent (based on title)

The bill’s stated purpose, as indicated by the title, is to revise laws governing mortgages of real property. The available information does not include the specific goals, reforms, or problem statements the bill intended to address. Consequently, the precise aims (e.g., changes to foreclosure procedures, recording requirements, borrower protections, lending standards, or notice obligations) cannot be determined from the record provided.

Provisions and Effects

  • Provisions: Not available in the provided summary. The actual text would be needed to identify any changes to statutes, definitions, timelines, or administrative processes.
  • Effects: Without the bill text, we cannot assess the direct impact on lenders, borrowers, real estate professionals, or government agencies. Typically, revisions to mortgage laws could affect foreclosure timelines, disclosure requirements, recording procedures, or consumer protections, but such specifics cannot be stated for LC 787.

Affected Parties (general expectations)

If the bill had advanced, potential affected groups might include:
- Real property owners with mortgages
- Mortgage lenders, loan servicers, and title companies
- Real estate attorneys and professionals
- Consumer protection agencies and district/state clerks handling filings

Procedural and Timeline Considerations

  • The bill was introduced in November 2024 and assigned a drafter on the same day.
  • It was placed on hold later the same day, suggesting a pause in advancement.
  • The draft ultimately died in process by May 2025, meaning it did not proceed to committee or floor consideration under its current form.

Next Steps for Readers

  • If a reintroduction or a new draft is proposed, the bill text would be needed to provide a substantive summary.
  • Monitor updates from the legislative body for any new versions, hearings, or amendments related to mortgage and real property laws.

Compiled from official sources — confirm details with the bill’s official record.

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