SB189 Alabama 2019 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 which is 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 which is given to secure the payment of any debt which conveys any real or personal property
This bill would modify the rate and further provide for the distribution of the mortgage record tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund
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 modify the rate and further provide for the distribution of the mortgage record tax in order to provide a dedicated revenue for the Alabama Housing Trust Fund.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 2, 2019 | S | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 16, 2019 | Room 825 at 13:00 | Senate GA Hearing |
| Hearing | April 16, 2019 | Room 825 at 13:00 | Senate GA Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB189 Alabama 2019 Session - Introduced |