This bill amends several sections of the North Dakota Century Code to clarify and enhance the homestead exemption and lien priority laws. Key changes include the definition of a homestead, which now explicitly states that it consists of the land and dwelling where the claimant resides, with a total value not exceeding $150,000 unless the claim arises from property taxes or special assessments. Additionally, the bill specifies that the homestead is exempt from judgment liens and forced sales, except in certain circumstances, and introduces a requirement that a declaration of homestead must be executed under penalty of perjury.

Furthermore, the bill establishes that liens for unpaid property taxes or special assessments take precedence over any other liens, including judgments and mortgages, with the exception of specific statutory liens. It also mandates that notices of tax lien foreclosure must include information about the homestead exemption process. These amendments aim to provide clearer guidelines for property owners regarding their rights and the protections afforded to their homesteads in North Dakota.

Statutes affected:
INTRODUCED: 47-18-01, 47-18-04, 47-18-18, 57-28-03