Current Status Introducing Body:House Bill Number:3685 Ratification Number:615 Act Number:491 Primary Sponsor:J. Williams Type of Legislation:GB Subject:Mortgagees, notice of sale to Date Bill Passed both Bodies:May 28, 1992 Computer Document Number:DKA/3083.AL Governor's Action:S Date of Governor's Action:Jul 01, 1992 Introduced Date:Mar 13, 1991 Date of Last Amendment:May 28, 1992 Last History Body:------ Last History Date:Jul 01, 1992 Last History Type:Act No. 491 Scope of Legislation:Statewide All Sponsors:J. Williams Klapman Wofford Type of Legislation:General Bill
Bill Body Date Action Description CMN
---- ------ ------------ ------------------------------ ---
3685 ------ Jul 01, 1992 Act No. 491
3685 ------ Jul 01, 1992 Signed by Governor
3685 ------ Jun 04, 1992 Ratified R 615
3685 House May 28, 1992 Ordered enrolled for
ratification
3685 House May 28, 1992 Conference Committee Report 98
received, adopted
3685 Senate May 21, 1992 Conference Committee Report 98
received, adopted
3685 House May 12, 1992 Conference powers granted, 98
appointed Reps. to Committee
of Conference
3685 Senate May 07, 1992 Conference powers granted, 98
appointed Senators to
Committee of Conference
3685 Senate May 07, 1992 Insists upon amendment
3685 House Apr 28, 1992 Non-concurrence in Senate
amendment
3685 Senate Apr 22, 1992 Read third time, returned to
House with amendment
3685 Senate Apr 21, 1992 Amended, read second time,
ordered to third reading with
notice of general amendments
3685 Senate Apr 15, 1992 Committee Report: Favorable 06
with amendment
3685 Senate Mar 21, 1991 Introduced, read first time, 06
referred to Committee
3685 House Mar 21, 1991 Read third time, sent to
Senate
3685 House Mar 20, 1991 Read second time
3685 House Mar 13, 1991 Introduced, read first time,
placed on Calendar without
reference
View additional legislative information at the LPITS web site.
(A491, R615, H3685)
AN ACT TO AMEND SECTION 12-49-300, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE NOTICE OF SALE TO MORTGAGEES OR ASSIGNEES, SO AS TO PROVIDE NOTICE TO A MORTGAGEE OF RECORD WITHIN TWENTY YEARS OF THE SEIZURE INSTEAD OF TEN YEARS, TO PROVIDE THAT THE NOTICE MAY BE SENT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED - DELIVER TO ADDRESSEE ONLY, AND TO MAKE GRAMMATICAL CORRECTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Notice of foreclosure sale to mortgagees
SECTION 1. Section 12-49-300 of the 1976 Code is amended to read:
"Section 12-49-300. When real estate is sold for taxes in a county, the sheriff, before delivering the title to real estate to the purchaser at such sale, shall give at least thirty days' notice of the sale to a mortgagee or assignee of a mortgage appearing of record within twenty years of the seizure who has an interest in the real estate in order that the mortgagee or assignee may have opportunity to redeem the real estate, as provided by law for the owner. The notice must be served either on the mortgagee or assignee in person or forwarded to his last known post office address by certified mail, return receipt requested - deliver to addressee only. When his whereabouts are unknown, the notice may be published upon petition and order as required for service of summons by publication in civil actions. The expense of the publication and petition must be paid in advance of publication by the purchaser at the sale."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 1st day of July, 1992.