HB390
Type: B Origin: House Ohio Comments: 0

Regards Notice Of Excess Funds In Property Foreclosure Sales

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AI Summary

The federal bill focuses on addressing the notification of excess funds resulting from property foreclosure sales. It aims to ensure that parties with a legal interest in the property are properly informed about these excess funds and have an opportunity to claim them. The key provisions include specifying the required notice procedures, timelines for notification, and methods for distributing the excess funds among interested parties. This bill seeks to enhance transparency and fairness in property foreclosure sales by facilitating the proper handling of any surplus funds generated from such transactions.

Bill Activity

  • 2024-02-01: Introduced

  • 2024-02-06: Referred to committee: Civil Justice

  • 2024-05-08: Reported: Civil Justice

  • 2024-06-26: Passed

  • 2024-07-02: Introduced

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