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OH HB390

Bill

Status

Engrossed

6/26/2024

Primary Sponsor

Richard Brown

Click for details

Origin

House of Representatives

135th General Assembly (2023-2024)

AI Summary

  • Raises the minimum balance threshold for notifying judgment debtors of excess foreclosure sale funds from $500 to $1,500.

  • Expands notification methods for excess funds to include web postings, text messages, and conspicuous courthouse postings in addition to traditional certified and ordinary mail.

  • Changes the unclaimed funds holding period from 60 days to 90 days before excess funds are transferred to county treasury and delinquent tax collection funds.

  • Allows court clerks to recover actual costs incurred in providing required notices before releasing excess funds to the judgment debtor or their legal representatives.

  • Applies updated notification procedures and timelines consistently across execution sales (section 2329.44) and tax foreclosure sales (section 5721.20).

Legislative Description

Regards notice of excess funds in property foreclosure sales

Taxation

Last Action

Referred to committee: General Government

11/12/2024

Committee Referrals

General Government11/12/2024
Civil Justice2/6/2024

Full Bill Text

No bill text available