HB591 Alabama 2010 Session

In Committee

Bill Summary

Sponsors

Mike Hill

Session

Regular Session 2010

Title

Property sold for nonpayment of taxes, mortgagee, judgment creditor, or other creditor having a lien in the real estate lands sold for nonpayment of taxes may redeem the property in the name of the owner of the property, Secs. 40-10-120, 40-10-122 am'd.; Act 2009-508, 2009 Reg. Sess. am'd.

Description

Under existing law, a mortgagee, judgment creditor, or other creditor having a lien on real estate lands sold for nonpayment of taxes may not redeem the property in the name of the owner of the property

This bill would allow a mortgagee, judgment creditor, or other creditor having a lien on real estate lands sold for nonpayment of taxes to redeem the property in the name of the owner of the property

To amend Sections 40-10-120 and 40-10-122, Code of Alabama 1975, as amended by Section 1 of Act 2009-508, 2009 Regular Session (Acts 2009, p. 937), relating to redemption of lands sold for nonpayment of taxes, to provide that a mortgagee, judgment creditor, or other creditor having a lien on real estate lands sold for nonpayment of taxes may redeem the property in the name of the owner of the property.

Subjects

Taxation

Bill Actions

Action Date	Chamber	Action
February 17, 2010		Read for the first time and referred to the House of Representatives committee on Banking and Insurance

Bill Text

Download HB591 Alabama 2010 Session PDF

Bill Documents