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HB24-1443

Public Trustee Fees

Concerning fees to which public trustees are entitled for performing services conferred upon them by statute.
Session:
2024 Regular Session
Subject:
Local Government
Bill Summary

Public trustees are entitled to set fee amounts enumerated in current law for performing the functions and exercising the powers conferred upon them by statute. The bill doubles each fee to which public trustees are entitled, except for the fees for releasing a deed of trust and fee for conducting a public foreclosure sale by means of the internet. The bill also creates a new fee that public trustees are entitled to receive in the amount of $300 for performing actions related to processing a foreclosure sale if the holder of a certificate of purchase is not the holder of an evidence of debt. Additionally, the bill requires the executive director of the department of local affairs director of research of the legislative council to adjust each fee amount , including the fee for conducting a public foreclosure sale by means of the internet, for inflation every other year.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details