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IN HB1298
Bill
Status
1/10/2017
Primary Sponsor
Cherrish Pryor
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AI Summary
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Amends IC 6-1.1-24-7.5 to limit compensation for recovering tax sale surplus fund money to 10% of the amount collected (if exceeding $50) or $25 maximum (if $50 or less)
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Clarifies that attorney's fees and other expenses are included within the compensation limits, not charged separately
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Requires agreements for recovery services to be in writing, signed by the property owner, and clearly state the deposited amount and the owner's net share after fees are deducted
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Empowers the attorney general and homeowner protection unit to enforce the section through injunctions, restitution orders, state cost reimbursement, and civil penalties
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Takes effect upon passage with emergency declaration
Legislative Description
Recovery from tax sale surplus fund. Restates the limitation on the amount that a person may charge a property owner to recover money deposited in a tax sale surplus fund for real property sold at a tax sale. Provides that the limitation includes attorney's fees and other expenses.
Last Action
First reading: referred to Committee on Ways and Means
1/10/2017