HB159 Alabama 2017 Session
In Committee
Bill Summary
Sponsors
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
<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 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 given to secure the payment of
any debt which conveys any real or personal
property</p><p class="bill_description">
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</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 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.
</p>
Subjects
Mortgages
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 9, 2017 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | May 9, 2017 | Room 200 at 12:00 | House W&MGF Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB159 Alabama 2017 Session - Introduced |