CIVIL PROCEDURE: Provides for methods of enforcing mortgages. (8/1/24)

SB 333 modifies the rules for enforcing mortgages in civil cases by requiring the creditor to file the current payoff amount before a property is sold by the sheriff. This provision allows other parties with an interest in the property, such as other lenders, to challenge that payoff amount before any sale funds are distributed. The bill also clarifies that a sale remains valid even if these notification and challenge steps are not followed. These changes aim to increase transparency during the foreclosure process without altering the fundamental ability of creditors to enforce their liens.