HB158 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Real property, redemption of property sold for nonpayment of taxes, foreclosure, or court judgment, time period reduced, partial prospective application, Secs. 6-5-248, 6-5-252, 8-1-172, 40-10-73, 40-10-74, 40-10-120 am'd.
Description
Under existing law, a person has one year to redeem real property that is sold for nonpayment of taxes, that is foreclosed on, or that is sold pursuant to the execution on a judgment of a court
This bill would reduce the redemption period of such real property to 60 days and would provide for prospective application for sales pursuant to a foreclosure or court judgement
Relating to redemption of real property for nonpayment of taxes and real property foreclosed on under a mortgage or sold by virtue of a judgment, to reduce the redemption period; to amend Sections 6-5-248, 6-5-252, 8-1-172, 40-10-73, 40-10-74, and 40-10-120 of the Code of Alabama 1975; and to provide for partial prospective operation.
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 14, 2014 | H | Read for the first time and referred to the House of Representatives committee on Commerce and Small Business |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB158 Alabama 2014 Session - Introduced |