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IN HB1021
Bill
Status
1/5/2016
Primary Sponsor
Cherrish Pryor
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AI Summary
HB 1021 Summary
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Defines "compensation" to include conveyance of real property when recovering money from tax sale surplus funds, with compensation capped at 10% of amounts collected unless the amount is $50 or less.
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Requires persons acquiring property conveyed between tax sale and tax deed issuance to pay the county treasurer the full redemption amount required under IC 6-1.1-25 before obtaining county auditor endorsement for recording the conveyance document.
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Makes conveyances void and inoperable if not recorded with the county recorder before the redemption period expires under IC 6-1.1-25.
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Requires county recorders to obtain county auditor endorsement under IC 36-2-11-14 before recording any document of conveyance for tax sale property covered by these provisions.
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Effective July 1, 2016.
Legislative Description
Tax sale property fraud. Specifies that compensation includes a conveyance of real property under the law governing maximum compensation for recovering money in a tax sale surplus fund. Provides that, when real property sold at a tax sale is conveyed after the tax sale and before the tax sale purchaser is issued a tax sale deed, a person acquiring the property must pay the county the amount needed to redeem the real property before the person can obtain the county auditor's endorsement on the document of conveyance and record the document. Provides that such a conveyance becomes void on the
Last Action
First reading: referred to Committee on Ways and Means
1/5/2016