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Committee hears debate on tax-sale changes in S.196; legal-aid urges caution pending U.S. Supreme Court case
Summary
Witnesses debated S.196, which would alter tax-sale procedures (including a proposed six-month redemption). Banks warned of risks to lending and bidders; Vermont Legal Aid recommended judicial foreclosure and urged the committee to wait for the U.S. Supreme Court decision in Peng v. Isabella County before making major changes.
The Senate Committee on Government Operations took testimony on S.196, a bill proposing changes to municipal tax-sale procedures, including shorter redemption windows and other adjustments to how tax liens and sales operate.
Chris Delia, president of the Vermont Bankers Association, told the committee shortening the post-sale redemption period from one year to six months would face strong opposition and could create practical and market risks. Delia argued that allowing bidders early physical access or permitting municipal-appointed parties to enter properties before title transfers would expose…
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