summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to protect homeowners from unfair tax lien practices by cities and towns. Revenue.
AI Summary
This bill aims to protect homeowners from unfair tax lien practices by cities and towns. The key provisions include:
1. Setting a $30 filing fee for municipalities to record any documents related to tax collections under Chapter 60 of the General Laws.
2. Establishing criteria for the sale of tax receivables by municipalities, including requiring the purchasers to be licensed debt collectors in good standing with the Department of Revenue.
3. Mandating detailed notice requirements to homeowners when their tax receivables are sold to third parties, including information about their redemption rights and the foreclosure process.
4. Providing a one-year redemption period for homeowners after a tax title is foreclosed on and requiring any proceeds from the subsequent sale of the property to be shared between the homeowner and the municipality.
5. Allowing municipalities to offer payment plans and interest waivers, particularly for elderly or disabled homeowners, to help them redeem their properties.
6. Extending the time before a municipality can file a foreclosure complaint from 6 months to 12 months after a tax taking.
The overall goal is to create more transparency and consumer protections around the tax lien process to prevent homeowners, especially vulnerable populations, from losing their homes due to unpaid taxes.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see S2743 (on 03/10/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/S1926 |
Bill | https://malegislature.gov/Bills/192/S1926.pdf |
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