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SB 285 Signed

Real Property - As introduced, changes from a preponderance of the evidence to clear and convincing evidence the burden of proof for a debtor to prove that property sold at a foreclosure sale for an amount materially less than the fair market value in order to rebut the presumption that the foreclosure sale price of the property was equal to the fair market value at the time of sale. - Amends TCA Title 35.

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Legislative Timeline

7 actions
  1. Mar 24, 2025 lower
    Assigned to General Subcommittee of Senate Judiciary Committee
  2. Mar 19, 2025 lower
    Placed on Senate Judiciary Committee calendar for 3/24/2025
  3. Mar 11, 2025 lower
    Action deferred in Senate Judiciary Committee to 3/25/2025
  4. Mar 5, 2025 lower
    Placed on Senate Judiciary Committee calendar for 3/11/2025
  5. Feb 10, 2025 upper
    Passed on Second Consideration, refer to Senate Judiciary Committee
  6. Jan 27, 2025 lower
    Introduced, Passed on First Consideration
  7. Jan 24, 2025 lower
    Filed for introduction
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