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ME LD399
Bill
Status
Failed
4/1/2025
Primary Sponsor
Mathew McIntyre
Click for details
AI Summary
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Amends 36 MRSA §943-C, sub-§10 to allow municipalities to retain excess sale proceeds from foreclosed properties when former owners fail to claim them within 30 days of final published notice
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Eliminates the current requirement that municipalities transfer unclaimed excess foreclosure proceeds to the state's Unclaimed Property Fund under Title 33, section 2141
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Changes benefit recipient of unclaimed foreclosure surplus from the state to local municipalities
Legislative Description
An Act to Amend the Laws Regarding the Retention of Proceeds from Municipal Foreclosures
Property Tax Procedures
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
4/1/2025
Committee Referrals
Taxation2/4/2025
Full Bill Text
No bill text available