File Code: Real Property
- Sponsored By:
-
Senator Haines
- Entitled:
-
Real Property - Indemnity Mortgage - Effect of Foreclosure on Payment of
Recordation Tax
Establishing that the requirement for the payment of public taxes,
assessments, and charges before property may be transferred on the
assessment books or records does not apply to the payment of
recordation taxes; clarifying that a purchaser of foreclosed
residential property is not required to pay the recordation tax for an
indemnity mortgage securing the property unless the purchaser is the
grantor of the indemnity mortgage; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 3/1
- First Reading Senate Rules
- 3/5
- Re-referred Judicial Proceedings & Budget and Taxation
- Hearing 3/25 at 1:00 p.m. (Judicial Proceedings)
- 3/10
- Hearing cancelled (Judicial Proceedings)
- Hearing 3/24 at 1:00 p.m. (Budget and Taxation)
- 3/17
- Hearing cancelled (Budget and Taxation)
- Hearing 3/24 at 1:15 p.m. (Budget and Taxation)
- Hearing cancelled (Budget and Taxation)
- Hearing 3/25 at 1:00 p.m. (Judicial Proceedings)
House Action
- No Action
Bill indexed under the following Subjects:
- Foreclosure
- Land Records -see also- Deeds
- Mortgages
- Real Property
- Recordation
- Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Bill affects the following Statutes:
- Real Property
- (
3-104 ,
3-104 ,
7-102 ,
7-105
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered