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IN HB1294
Bill
Status
1/10/2017
Primary Sponsor
Cherrish Pryor
Click for details
AI Summary
HB 1294 Summary
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Requires the new property owner following a foreclosure to give tenants at least 90 days' notice to vacate, applying only to foreclosures filed after June 30, 2017
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Applies to Indiana rental properties with one or more rental units that are subject to a mortgage foreclosure judgment
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Does not override longer occupancy periods or additional protections provided under federal or state subsidized tenancy programs
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Does not affect requirements under any federal, state, or local law or regulation that provides greater tenant protections or longer occupancy periods
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Effective July 1, 2017
Legislative Description
Tenant eviction upon foreclosure. Provides that if real property subject to a judgment of foreclosure is occupied by a tenant on the date a deed of conveyance is executed following the foreclosure judgment, the immediate successor in interest to the property must provide to the tenant any notice to vacate the premises at least 90 days before the date on which the tenant must vacate the premises. Specifies that this provision does not affect the requirements for termination of a rental agreement or for a tenant's occupancy of the premises under: (1) any federal or state subsidized tenancy; or (2)
Last Action
First reading: referred to Committee on Judiciary
1/10/2017