2010 Regular Session

SENATE BILL 1056

File Code: Real Property
Sponsored By:
Senator Haines
Entitled:
Real Property - Indemnity Mortgage - Effect of Foreclosure on Payment of Recordation Tax

Synopsis:

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.

History by Legislative and Calendar Date

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 )

Documents

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