HB 3199
Requires county treasurer to distribute excess proceeds from sale of real property acquired by foreclosure of delinquent tax liens, or by exchange for land originally acquired by foreclosure of delinquent tax liens, to holders of liens unsatisfied at time of foreclosure and to property owner at time of foreclosure or any transferee or successor in interest of owner.
| Status | In House Committee (HREV) |
| Session | 2019 Regular Session |
| Requested by | (at the request of County Commissioner Mary Starrett) |
| Sponsors | Ron Noble (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Requires county treasurers to distribute excess proceeds from tax-foreclosed property sales to lienholders and property owners.
Overview#
Requires county treasurer to distribute excess proceeds from sale of real property acquired by foreclosure of delinquent tax liens, or by exchange for land originally acquired by foreclosure of delinquent tax liens, to holders of liens unsatisfied at time of foreclosure and to property owner at time of foreclosure or any transferee or successor in interest of owner. Requires county treasurer to provide notice of distribution requirements and process to lienholders and owners. Requires circuit court to determine priority of liens. Provides that total amount distributed may not exceed amount of unsatisfied liens and equity interest of owner at time property was deeded to county. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-28 | H | First reading. Referred to Speaker's desk. |
| 2019-03-06 | H | Referred to Revenue. |
| 2019-06-30 | H | In committee upon adjournment. |