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MO HB1751

Bill

Official Source

Status

Introduced

2/5/2014

Primary Sponsor

Rochelle Walton Gray

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Adds section 443.1000 to Missouri law regarding co-ownership of real property with delinquent taxes or mortgages
  • Co-owners who fail to pay their pro rata share of delinquent real estate taxes or mortgage payments after a foreclosure or tax sale notice is published lose all rights and title to the property
  • The co-owner's share automatically transfers to whichever co-owner pays the delinquent taxes or mortgage payments to cure the default
  • A paying co-owner may file a circuit court action to formally declare the defaulting party divested of their interest and confirm the paying party's ownership of the defaulting party's share

Legislative Description

Changes the laws regarding delinquent real estate taxes or mortgage notes

Last Action

Referred: Financial Institutions(H)

2/12/2014

Committee Referrals

Financial Institutions2/12/2014

Full Bill Text

No bill text available