SB189 Alabama 2019 Session

Updated Apr 26, 2021

SB189 Alabama 2019 Session

Senate Bill

Expired

Current Status

Regular Session 2019

Session

1

Sponsor

Summary

Primary Sponsor: Linda Coleman-Madison Senator
Democrat
Session: Regular Session 2019
Title: Mortgages, fee increase for recording of mortgages, deeds of trust, distribution of proceeds to Alabama Housing Trust Fund, 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 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.
Subjects: Mortgages

Bill Actions

Read for the first time and referred to the Senate committee on Governmental Affairs

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB189 Alabama 2019 Session - Introduced

Source: Alabama Legislature