HB141 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 40-22-2, Code of Alabama 1975; to
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; and modify
the rate and distribution of the Mortgage Record Tax in order
to provide a dedicated revenue for the Alabama Housing Trust
Fund.
</p>
Subjects
Mortgages
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 2015 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 18, 2015 | Room 428 at 09:00 | House FS Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB141 Alabama 2015 Session - Introduced |