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SB 103

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2025 Regular Session Introduced by Mike Andrade and 8 co-sponsors

SB 103 revises fees for foreclosure orders, reducing costs for local governments and streamlining processes, benefiting counties and property owners involved in foreclosures.

Public Law 187
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Bill Summary · SB 103

Summary of SB 103: Revise Fee for Issuing an Execution or Order of Sale on Foreclosure of Lien

Purpose and Intent

SB 103 aims to revise the fee structure associated with issuing an execution or order of sale in the context of lien foreclosures. The bill seeks to streamline the process and potentially reduce costs for local governments and entities involved in foreclosure proceedings.

Key Provisions

  • Fee Revision: The bill proposes changes to the existing fees charged for issuing an execution or order of sale related to lien foreclosures. Specific details on the new fee structure are not provided in the summary but are intended to reflect current economic conditions and administrative costs.
  • Local Government Impact: The revisions are designed to alleviate some financial burdens on counties and local governments, which often handle these foreclosure processes.

Affected Parties

  • Counties and Local Governments: The primary beneficiaries of this bill are local government entities that manage foreclosure processes. By revising the fees, the bill aims to enhance their operational efficiency.
  • Property Owners and Lien Holders: Individuals and organizations involved in foreclosure proceedings may also be affected, as changes in fees could influence the overall costs associated with these legal processes.

Legislative Timeline

  • Introduced: November 07, 2024
  • Key Legislative Actions:
    • January 07, 2025: Bill introduced and first reading in the Senate.
    • January 28, 2025: Passed in the Senate after committee review.
    • February 03, 2025: Transmitted to the House for consideration.
    • April 22, 2025: Passed in the House with amendments and returned to the Senate.
    • May 13, 2025: Signed by the Governor.
    • May 16, 2025: Chapter number assigned, finalizing the bill's passage.

Conclusion

SB 103 represents a significant legislative effort to revise the fee structure for foreclosure-related processes, aiming to benefit local governments and streamline operations. The bill has successfully passed through the legislative process and is now law, reflecting a commitment to improving local governance and financial management in foreclosure situations.

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

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