Senate BillIntroducedCommercial
SB 1320: Financing statements: residential real property.
What SB 1320 does, verified April 28, 2026
The bill aims to regulate financing statements in owner-occupied residential real property. It prohibits the filing of a financing statement that creates or perfects a security interest in the owner-occupied residential real property. This rule applies to prevent the unauthorized creation of liens on owner-occupied homes. Violators of this rule, including those who knowingly file a financing statement, may be liable to the property owner. The goal is to protect homeowners from unwanted liens on their property.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: April 28 set for first hearing canceled at the request of author. (2026-04-27)Alert me
Author and sponsors
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| Apr. 27, 2026 | April 28 set for first hearing canceled at the request of author. |
| Apr. 10, 2026 | Set for hearing April 28. |
| Apr. 08, 2026 | Re-referred to Com. on JUD. |
| Mar. 24, 2026 | From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. |
| Mar. 04, 2026 | Referred to Com. on RLS. |