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MS HB513
Bill
Status
3/3/2020
Primary Sponsor
Timmy Ladner
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AI Summary
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Allows the owner of a manufactured or mobile home sold for taxes to redeem the property within one year after the sale by paying the tax collector the original taxes, sale costs, 5% damages on the taxes, and monthly interest of 1.5%.
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Requires the chancery clerk to execute and seal a release document transferring all state and purchaser claims to the person redeeming the property.
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Mandates the chancery clerk provide written notice to the home owner and any lienholders 45-90 days before the redemption period expires, using the same notice procedures as land sold for taxes.
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Grants the chancery clerk the same duties and responsibilities regarding manufactured home tax sales as they have for land sold for taxes under existing law.
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Takes effect July 1, 2020.
Legislative Description
Mobile homes; give owner of one year to redeem the property after sold for taxes.
Last Action
Died In Committee
3/3/2020