HB159 Alabama 2017 Session
Summary
- Primary Sponsor
-
Patricia ToddDemocrat - Session
- Regular Session 2017
- Title
- Mortgages, recording fee increased, distrib. to the Alabama Housing Trust Fund and the Alabama Homebuyer's Initiative, 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 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.
- Subjects
- Mortgages
Bill Actions
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Bill Text
Documents
Source: Alabama Legislature