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AL HB90
Bill
Status
2/15/2018
Primary Sponsor
Kerry Rich
Click for details
AI Summary
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Caps the right of redemption on residential property at one year after the foreclosure date, even if the standard 180-day redemption period has not yet expired.
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Makes possession or production of proof of mailing of the redemption notice an affirmative defense in any action related to the notice requirement.
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Reduces the time frame for bringing actions related to notice requirements from two years to one year after the foreclosure date.
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Maintains existing requirements that mortgagees provide notice of redemption rights at least 30 days prior to foreclosure by certified mail with proof of mailing.
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Takes effect immediately upon passage and approval by the Governor.
Legislative Description
Residential property, foreclosure, right-of-redemption, time period to redeem further provided for, notice requirement actions, affirmative defense, provided for, time frame for notice requirement actions, further provided for, Sec. 6-5-248 am'd.
Property, Real and Personal
Last Action
Assigned Act No. 2018-126.
2/15/2018