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IN HB1239
Bill
Status
1/12/2016
Primary Sponsor
Justin Moed
Click for details
AI Summary
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Amends IC 32-30-10.3 to add a new section clarifying that state preemption of mortgage foreclosure regulation does not prevent political subdivisions from regulating property maintenance, upkeep, or repair, including properties subject to foreclosure actions.
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Preserves political subdivisions' authority to enforce ordinances and regulations related to maintaining, repairing, or improving real property within their jurisdiction under state law.
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Allows political subdivisions and enforcement authorities to act under the unsafe building law (IC 36-7-9) and other applicable state law with respect to foreclosed or foreclosing properties.
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Effective upon passage with an emergency declaration.
Legislative Description
Regulation of mortgage foreclosures. Specifies that the statute concerning the state regulation of mortgage foreclosures does not affect or preempt a political subdivision's authority to: (1) regulate the maintenance, upkeep, or repair of real property within the jurisdiction of the political subdivision, including real property subject to a mortgage foreclosure action; or (2) act as authorized under the unsafe building law, or other applicable state law, with respect to real property within the jurisdiction of the political subdivision, including real property subject to a mortgage foreclosure action; in accordance with state law.
Last Action
First reading: referred to Committee on Financial Institutions
1/12/2016