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House Bill 1293


House Bill 1293

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Local government property issues. Permits the waiver of the filing deadline for a property tax exemption application of a nonprofit corporation if the failure to file on time resulted from a personnel change. Allows a nonprofit corporation to amend an exemption application to include personal property or to correct a clerical error. Provides that an exempt property that is renovated does not lose its exemption during the renovation. With respect to mortgaged real property that the mortgagor surrenders in writing to the court or to a mortgagee, provides that 30 days from the date on which the mortgagor surrenders real property the mortgagee is responsible for ensuring that the property does not violate local ordinances or nuisance, unsafe building, and vacant and abandoned structures statutes. Specifies that the mortgagee is personally liable for ensuring that the property complies with local ordinances or nuisance, unsafe building, and vacant and abandoned structures statutes, and provides that the mortgagee may be liable for additional civil penalties as determined by the appropriate local legislative body. Requires a mortgagee to whom property has been surrendered to record the mortgagee's interest in the property not later than 60 days after receipt. Provides that a mortgagee has the authority to enter onto real property in order to carry out its responsibilities. Requires the Indiana real estate commission disclosure form to advise a purchaser of the purchaser's right to surrender the property to the mortgagee. Permits a homeowners association that has performed maintenance work on real estate in the association to file a homeowners association maintenance lien for the amount of work done, and specifies that a homeowners association maintenance lien
Current Status:
 In Committee - first House
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