BILL · 2017–18 SESSION · LATEST VERSION SSB 6005

SB 6005: Lienholders' interests

Protecting lienholders' interests while retaining consumer protections.

Summary

  • Provides that surplus funds from a tax foreclosure sale must be distributed to the those with a lien or a recorded interest in the property, rather than the record owner.
  • Provides that the Uniform Unclaimed Property Act's limitation on fees charged for locating unclaimed tax foreclosure proceeds only applies to charging a fee to natural persons who were the record owner of the property at the time the certificate of delinquency was issued.
  • Requires the treasurers of the five largest counties in the state to file a report with the Legislature regarding surplus funds from tax foreclosures.

From the Senate Bill Report (SB 6005), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 8, 2018
  2. Out of committeeJan 26, 2018
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mark Mullet (D-5)
Introduced
January 8, 2018 in the Senate
Last action
February 22, 2018
Companion bill
HB 2265
Budget
Has a fiscal note
Versions
SB 6005, SSB 6005

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

Sponsors

Votes

No recorded floor votes.

History

  1. Senate Rules "X" file. (SSB 6005)
  2. Senate Rules "X" file.
  3. Passed to Rules Committee for second reading. (SSB 6005)
  4. Passed to Rules Committee for second reading.
  5. FI - Majority; 1st substitute bill be substituted, do pass. (SSB 6005)
  6. Minority; do not pass. (SSB 6005)
  7. Minority; without recommendation. (SSB 6005)
  8. Minority; without recommendation.
  9. Minority; do not pass.
  10. FI - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Financial Institutions & Insurance.
  12. Prefiled for introduction.

SB 6005 in other sessions

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

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