Bill > S1722

This bill aims to protect homeowners from unfair tax lien practices by cities and towns. Key provisions include: - Capping the filing fees paid by municipalities for recording tax documents at $30. - Establishing criteria for the public sale of tax receivables, including requirements that only licensed debt collectors can participate and that the municipality must consider factors like the offeror's qualifications and communication plan. - Requiring tax purchasers to provide detailed notices to homeowners about the tax title sale, foreclosure process, and redemption options in multiple languages. - Allowing homeowners to redeem their property within 1 year of foreclosure if the tax title was sold to a third party, and requiring the tax purchaser to provide notice and a detailed accounting of expenses before selling the redeemed property at auction. - Authorizing municipalities to offer payment agreements and interest waivers to help homeowners in tax title redeem their properties. - Extending the period before a municipality can file for foreclosure of the right of redemption from 6 months to 12 months. Overall, the bill aims to increase transparency and protections for homeowners facing tax lien issues.

Budget and Finance

https://malegislature.gov/Bills/191/S1722