Under existing law, a person has one year to redeem real property that is sold for nonpayment of taxes or that is foreclosed on.
This bill would reduce the redemption period to 90 days for residential property on which a homestead exemption was claimed in the tax year during which the sale or foreclosure occurred.
Assigned Act No. 2015-79.
Signature Requested
Enrolled
Concurred in Second House Amendment
Marsh motion to Concur In and Adopt adopted Roll Call 477
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 407
Motion to Adopt adopted Roll Call 406
Johnson (K) Amendment Offered
Johnson (K) motion to Table adopted Roll Call 405
Financial Services Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Financial Services
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 293
Ross motion to Adopt adopted Roll Call 292
Ross Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Source: Alabama Legislature