House Sponsors: SANTIAGO-BLACK. Senate Sponsors: FARLEY-HENDON-LINK Short description: PROP TX-DEFAULT-MORTGAGEE Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that, when any unpaid taxes become delinquent through the fault of the mortgage lender, the lender shall pay the taxes, redeem the property, and take all necessary steps to remove any liens accruing against the property because of the delinquency. Provides that unpaid taxes shall be deemed delinquent through the fault of the lender if the lender has received all payments due the lender for the property being taxed under the written terms of the mortgage or promissory note (now, the lender has received all payments due the lender for the property being taxed, the lender holds funds in escrow to pay the taxes, and the funds are sufficient to pay the taxes after deducting all amounts reasonably anticipated to become due for certain insurance premiums and other assessments to be paid from the escrow). STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB1283 fails to create a State mandate under the State Mandates Act. FISCAL NOTE (Dept. of Revenue) There will be no fiscal impact on this Dept. Last action on Bill: PUBLIC ACT.............................. 90-0336 Last action date: 97-08-08 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status