REALTOR® Right of Redemption Clarification Bill Passes House Committee
January 16, 2018
HB 90, sponsored by Representative Kerry Rich (R-Guntersville), received a favorable report in the House Committee on Insurance last week.
In the committee meeting, a representative from the title insurance industry explained this bill would bring clarification to the right of redemption period and would provide a technical amendment to the statutory redemption law to clarify certain timelines during and following the foreclosure process.
HB 90 makes clear certain notice requirements required by law and does not propose changes to any existing timelines in the current law.
Representative Kyle South (R-Fayette) made the motion for a favorable report, which was seconded by Representative Chris England (D-Tuscaloosa). HB 90 received a unanimous favorable report.
Alabama REALTORS® supports HB 90 and its efforts to further clarify the right of redemption period.