HB 4226 Summary

• Caps the fee that a foreclosure sale purchaser's designee may charge for computing the exact redemption amount at $250.00.

• Requires the purchaser to provide an affidavit with the recorded deed stating the exact redemption amount required, including daily per diem amounts, and the redemption deadline.

• Allows the purchaser to name a designee in the affidavit who may receive redemption payments and assist in calculating the redemption amount on the purchaser's behalf.

• Permits registers of deeds in counties with populations between 750,000 and 1,500,000 to determine redemption amounts upon request, with a maximum charge of $50.00 and liability protection for incorrect determinations.

• Became effective immediately upon approval by the Governor on November 21, 2019.