Bill > AB2705

This bill modifies existing property tax laws concerning claims for excess proceeds from the sale of tax-defaulted properties, which are properties sold due to unpaid property taxes. Previously, individuals or entities acting on behalf of a property owner in filing these claims had to provide proof that the owner was informed of their right to file the claim themselves directly with the county for free. This bill removes that specific proof requirement and instead allows any party of interest (someone with a stake in the property) to enter into an agreement with another person or entity to handle the claim on their behalf, provided the agreement clearly informs the party of interest of their right to file directly with the county at no cost. Furthermore, a new section is added to outline specific conditions for such agreements to be valid, including that they must be in writing, disclose key property and claim information, be signed after the disclosure, clearly state the owner's right to file for free, and limit the fee charged to no more than 10% of the excess proceeds awarded. These new provisions regarding agreements will only apply to agreements made on or after January 1, 2027.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2705