HB141 Alabama 2015 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 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 modify the rate and 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 |
|---|---|---|
| March 5, 2015 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 18, 2015 | Room 428 at 09:00 | House FS Public Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB141 Alabama 2015 Session - Introduced |