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OH HB621
Bill
Status
12/18/2012
Primary Sponsor
Bill Patmon
Click for details
AI Summary
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Requires mortgagees who obtain a foreclosure judgment to periodically monitor vacant or abandoned properties and bring legal action to obtain possession if needed to maintain code compliance.
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Upon obtaining possession, mortgagees must keep foreclosed properties in compliance with state building codes, state fire codes, local zoning codes, local building codes, and health and safety regulations until the deed is recorded.
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Mortgagees may peaceably enter properties for inspections and repairs, with seven days' notice to tenants unless emergency repairs are needed, and may recover maintenance costs from the property sale proceeds.
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Exempts municipal corporations or other governmental entities holding subordinate mortgages from these requirements, and suspends duties during bankruptcy proceedings or when a receiver is appointed.
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Preserves existing obligations of mortgagors and receivers to maintain properties, and does not limit local government enforcement authority over property maintenance and code compliance.
Legislative Description
To require a mortgagee who is a plaintiff in a mortgage foreclosure action to keep the condition of certain real property in accordance with requirements of the state building and fire codes, and any applicable local codes, for the period of time between the judgment of foreclosure and the recording of the deed of the property.
Mortgagee in foreclosure-comply with codes between judgment & recording of deed
Last Action
Introduced to House
12/18/2012