HB341 Alabama 2016 Session
Bill Summary
Under existing law, a fee is required to record certain mortgages, deeds of trust, contracts of conditional sale, or other instruments of like character 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 given to secure the payment of any debt which conveys any real or personal property
This bill also would provide for the distribution of the additional proceeds from the increased fees to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative
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 to provide for the distribution of the additional proceeds from the increase in the fee to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 25, 2016 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB341 Alabama 2016 Session - Introduced |