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IN SB0550
Bill
Status
1/17/2017
Primary Sponsor
Jack Sandlin
Click for details
AI Summary
SB 550 Summary
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Amends Indiana tax sale eligibility rules to prohibit persons convicted of crimes or subject to civil judgments related to tax sale conduct from participating in tax sales unless granted a waiver by the attorney general's homeowner protection unit.
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Requires county treasurers to notify the homeowner protection unit when they determine or are notified within 6 months of a disqualified person bidding on or attempting to purchase property at a tax sale.
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Expands disqualified bidder categories to include unregistered or non-good-standing business associations, their agents, and persons related to disqualified entities through chains of ownership or control.
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Establishes forfeiture procedures for ineligible purchases, requiring county treasurers to provide written notice and 30-day cure periods before applying bid surpluses to delinquent taxes or refunding amounts.
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Effective July 1, 2017.
Legislative Description
Eligibility to purchase property at a tax sale. Restates the qualifications for bidders at a tax sale. Provides that if the county treasurer determines or is notified that a disqualified person has bid on or attempted to purchase real property at a tax sale auction, the county treasurer shall, among other things, notify the homeowner protection unit of the person's conduct in connection with the tax sale. Provides that a person: (1) who is convicted of a crime; or (2) against whom a civil judgment is entered; for conduct involving a tax sale is prohibited from participating in the tax
Last Action
Senator Niemeyer added as coauthor
1/24/2017