Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 77(R)

HOUSE JOINT RESOLUTION 5  

HOUSE AUTHOR: Solomons

FOR ELECTION: 11-06-01         

SENATE SPONSOR: Shapleigh

HOUSE JOINT RESOLUTION 5 HOUSE AUTHOR:  Solomons
FOR ELECTION:   11-6-01 SENATE SPONSOR:   Shapleigh
House Joint Resolution 5 proposes a constitutional amendment adding an exception to the constitutional protection of a homestead from forced sale for the payment of debt, to allow the forced sale of a homestead for debts relating to the conversion and refinance of a personal property lien secured by a manufactured home to a lien on real property. The resolution also proposes an amendment to the exception for certain material and work liens to shorten from 12 to 5 days the waiting period between the application for an extension of credit and the execution of certain contracts for work and material used in constructing new improvements or repairing existing improvements to a homestead property after which, if a contract has not been executed, the homestead is no longer protected. The resolution includes a temporary provision requiring the constitutional amendments to take effect January 1, 2002.