The proposed HB2098 bill amends existing laws concerning the foreclosure of property tax liens and the sale of properties to recover excess proceeds. It introduces a structured process for property owners to request a sale when their right to redeem is being foreclosed, detailing requirements for notices, public auction procedures, and the distribution of proceeds. The bill also mandates that county treasurers issue refunds within thirty days after the sale in certain situations.

Key changes from current law include the introduction of a framework for assessing the reasonableness of excess proceeds sales, the replacement of "purchaser" with "certificate of purchase holder," and the establishment of specific guidelines for notifications and auction processes. The bill clarifies that certain liens will be extinguished upon sale and specifies the information required in court judgments related to these transactions, aiming to enhance transparency and fairness in tax lien foreclosure actions while safeguarding property owners' interests.

Statutes affected:
Introduced Version: 11-495, 42-18103, 42-18108, 42-18127, 42-18151, 42-18152, 42-18154, 42-18201, 42-18202, 42-18204, 42-18205, 42-18302, 42-18303, 11-496, 42-18116, 42-17401, 48-721, 9-500.23, 42-18114, 42-18056, 42-18121, 42-18153, 42-13051, 9-276
House Engrossed Version: 12-1551, 42-18152, 42-18202, 42-18204, 42-18205, 42-18206, 12-1612, 13-805, 42-18056, 42-18201, 42-13051, 42-18116, 9-276, 9-499, 12-1191