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MS HB1436

Bill

Official Source

Status

Failed

2/3/2026

Primary Sponsor

Justis Gibbs

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Chancery court clerks must notify the county tax collector when a mortgage or deed of trust is satisfied, informing them the property is no longer encumbered
  • Tax collectors must mail notice of any unpaid ad valorem taxes to the landowner of record within 90 days after a mortgage or deed of trust satisfaction
  • The new requirements amend Section 89-5-21 of the Mississippi Code of 1972, which governs mortgage and deed of trust satisfaction procedures
  • Existing tax claims, assessments, and collection actions accrued before the effective date remain unaffected by this legislation
  • Effective date is July 1, 2026

Legislative Description

Ad valorem taxes; require notice of any unpaid taxes to landowner after deed of trust is satisfied.

Last Action

Died In Committee

2/3/2026

Committee Referrals

Judiciary A1/16/2026

Full Bill Text

No bill text available