On February 3rd HB 372 was introduced and referred to the Committee of Urban Affairs.
HB 372 is titled “An Act providing for foreclosed property maintenance; imposing powers and duties on the Department of Community and Economic Development and municipalities; and prescribing penalties.”
Currently worded the bill would create several new processes including
- Foreclosed property registration along with inspection and maintenance requirements
- An option for owners (as defined) to enter into a municipal maintenance agreement with the local government.
- Submission of registration information to the Department of Community and Economic Development
To view the current status and draft language of the bill, please click here