90th General Assembly
Summary of SB0764
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Senate Sponsors:
GEO-KARIS.

House Sponsors:
LOPEZ

Short description: 
DEBT COLLECTION-GUARANTORS                                                 

Synopsis of Bill as introduced:
        Amends the Actions to Enforce Payment Act.  Provides that when  a      
   guarantor  agrees  in  writing  that  he  or  she is not released by a      
   judgment, settlement, release, or other discharge of  indebtedness  of      
   the  primary  obligor or other person liable on the indebtedness, then      
   the occurrence of any of these shall not release or limit the claim on      
   the indebtedness against the guarantor, provided that plaintiff  shall      
   not  be  entitled  to  more than full satisfaction of his, her, or its      
   claim.  Effective immediately.                                              
          FISCAL NOTE (Dept. of Financial Inst.)                               
          SB 764 would have no fiscal impact on this Dept.                     
 
Last action on Bill: PUBLIC ACT.............................. 90-0321

   Last action date: 97-08-01

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status