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IN HB1373
Bill
Status
1/17/2017
Primary Sponsor
Justin Moed
Click for details
AI Summary
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Amends IC 32-30-10.3 to clarify that state preemption of mortgage foreclosure regulation does not prevent political subdivisions from enforcing property maintenance, upkeep, or repair ordinances on foreclosed properties.
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Allows political subdivisions to enforce unsafe building laws and other applicable state laws against foreclosed properties within their jurisdiction, consistent with state law requirements.
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Adds new Section 4 to IC 32-30-10.3 establishing that enforcement authorities may regulate real property maintenance regardless of whether the property is subject to a mortgage foreclosure action.
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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
1/17/2017