LOU LEG Tax Sale Property Penalty

On Jun. 11, LOU LEG enacted bill re penalties for tax sale property.

  • LOU LEG enacted bill HB 659 to amend Revised statutes LOU LEG 47:2158.1(B) and LOU LEG 47:2231.1(B) to increase penalties for prohibited actions re tax sale property.
  • Provides for rights of owners of certain tax sale property; provides for penalties for certain violations; increases penalties for violations; provides for related matters.
  • Document dated Jun. 11, 2024, received from LOU LEG Jun. 14, summarized Jun. 19.
  • Legislative History
  • On Mar. 11, 2024, bill introduced in House; on Apr. 8, 2024, bill was passed in House.
  • On Apr. 9, 2024, bill delivered to Senate; on May 16, 2024, bill was passed in Senate.
  • On May 20, 2024, bill sent to House; on May 30, 2024, House amended and passed.
  • On May 31, 2024, bill returned to Senate with amendments, and re-passed by Senate.
  • On Jun. 4, 2024, bill sent to governor; on Jun. 11, 2024, bill approved by governor.
  • Effectiveness
  • Assigned Act no. 627, becomes effective as of Aug. 1, 2024.

Regulators LOU LEG
Entity Types Corp; MG Orig
Reference Act 627, Bill HB659, 6/11/2024; Citation: *LOU LEG* 47:2158.1(B), 47:2231.1(B);
Functions Compliance; Financial; Legal; Sales Practices; Tax
Countries United States of America
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 6/11/2024
Effective Date 8/1/2024
Rule Id 216128
Linked to N/A
Reg. Last Update 6/11/2024
Report Section US Consumer

Last substantive update on 06/19/2024