REALTOR® Right of Redemption Bill Passes House
January 23, 2018
Rep. Kerry Rich
Rep. Matt Fridy
HB 90, sponsored by Representative Kerry Rich (R-Guntersville), passed the House unanimously Thursday of last week with a vote of 90 to 0.
Representative Matt Fridy (R-Montevallo) introduced the bill on the House floor and 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.
Alabama REALTORS® supports HB 90 and its efforts to further clarify the right of redemption period.