11RS Senate Bill 78

Senate Bill 78

Actions

Last Action	returned to Appropriations & Revenue (S)
Title	AN ACT relating to property taxes.
Bill Documents	Bill
Impact Statements	Local Mandate
Bill Request Number	861
Sponsor	T. Buford
Summary of Original Version	Create a new section of KRS Chapter 134 to allow persons holding a first priority recorded mortgage that is subject to state property taxes to register their interest with the county clerk; amend KRS 134.122 to require county clerks to submit a list of certificates of delinquency to the Department of Revenue and require the department to publish a list of certificates of delinquency on their Web site; amend KRS 134.452 to make changes to what a third-party purchaser of a certificate of delinquency may collect and to prohibit fees or interest from being incurred after a payment has been made in the amount specified in the notice provided according to KRS 134.490; amend KRS 134.490 to require a third-party purchaser of a certificate of delinquency to notify a holder of a first priority recorded mortgage registered with the county clerk that the certificate of delinquency has been purchased and to require the third-party purchaser to send notice to the holders of a first priority mortgage registered with the county clerk at least 45 days prior that legal action will be taken to enforce collection; amend KRS 134.504 to require the county attorney or the department to mail a notice to a person holding a first priority mortgage that is registered with the county clerk advising of a certificate of delinquency, to require the county attorney or department to mail a second notice to a person holding a first priority recorded mortgage advising that the certificate of delinquency may be purchased by a third-party purchaser, and to require the county attorney or department to notify a person holding a first priority recorded mortgage of intent to initiate legal action to enforce collection of the amount due on a certificate of delinquency; amend KRS 134.125 to conform.
Index Headings of Original Version	Banks and Financial Institutions - First priority recorded mortgage, registration of with county clerk County Clerks - Certificates of delinquency, submission of list to Department of Revenue County Clerks - First priority recorded mortgage, registration of with county clerk Local Government - First priority recorded mortgage, registration of with county clerk Attorney, County - Certificate of delinquency, legal action to enforce collection of, notice to registrant Attorney, County - Certificate of delinquency, notice of to registrant Attorney, County - Certificates of delinquency, sale to third party purchaser, notice to registrant Local Mandate - First priority recorded mortgage, registration of with county clerk

01/07/11	introduced in Senate
02/01/11	to Appropriations & Revenue (S)
02/09/11	taken from Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)