HB141 Alabama 2015 Session
Summary
- Primary Sponsor
-
Patricia ToddDemocrat - Session
- Regular Session 2015
- Title
- Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, Sec. 40-22-2 am'd.
- Description
Under existing law, a fee is required to record certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character which is given to secure the payment of any debt which conveys any real or personal property.
This bill would increase the fee for recording of certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character which is given to secure the payment of any debt which conveys any real or personal property.
This bill would modify the rate and distribution of the Mortgage Record Tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund.
- Subjects
- Mortgages
Bill Actions
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Documents
Source: Alabama Legislature