A 3237
Exempts creditor from paying municipal property registration fee if property is subject to automatic stay under federal Bankruptcy Code.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill exempts creditors from paying municipal property registration fees when a property is subject to an automatic stay under the federal Bankruptcy Code. It requires creditors filing foreclosure actions to register the property with the municipality and provide specific information about the foreclosure case. The bill also establishes annual fees for property registration, with a reduction for properties subject to bankruptcy proceedings, and outlines procedures for third-party administrators of the program.
Sponsors
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Primary sponsors
Sterley Stanley
Cosponsor
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