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Committee releases bill exempting certain creditors from property-registration fees during bankruptcy automatic stay

Assembly Housing Committee · December 9, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A4262 would excuse creditors protected by the federal bankruptcy code's automatic stay from municipal property-registration fees while the automatic stay applies; the committee released the bill following brief public comment and no recorded opposition from municipalities.

The Assembly Housing Committee released Assembly Bill 4262, which would exempt certain creditors from municipal property-registration fees for properties subject to the automatic stay under the federal bankruptcy…

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