BILL · 2017–18 SESSION

HB 2265: Lienholders' interests

Protecting lienholders' interests while retaining consumer protections.

Summary

  • Establishes new requirements governing distribution of surplus funds from a tax foreclosure sale held by a county treasurer after payment of the tax judgment and any recorded water-sewer district liens.
  • Removes the limit on the amount of fees a person may seek for locating funds held by a county that are proceeds from a tax foreclosure in cases where the person paying the fee is not a natural person who was the record owner of the property.
  • Requires the county treasurers of the five largest counties in the state by population to report information on the total number of claims to surplus funds submitted by and paid to lienholders, as compared to claims submitted by and paid to owners of tax foreclosed property.

From the House Bill Analysis 2018 (HB 2265), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 8, 2018
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 8, 2018 in the House
Last action
January 8, 2018
Companion bill
SB 6005
Budget
Has a fiscal note

AN ACT Relating to protecting lienholders' interests while retaining consumer protections;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Judiciary (Not Officially read and referred until adoption of Introduction report).
  2. Prefiled for introduction.

HB 2265 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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