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Bill

S 7940

Relates to procedures for the foreclosure of tax lien proceedings

2025 Regular Session Introduced by Jamaal Bailey

Summary: Bill S 7940 — Relates to procedures for the foreclosure of tax lien proceedings Overview- Bill Number: S 7940- Title: Relates to procedures for the foreclosure of tax lien

REFERRED TO LOCAL GOVERNMENT
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Bill Summary · S 7940

Summary: Bill S 7940 — Relates to procedures for the foreclosure of tax lien proceedings

Overview

  • Bill Number: S 7940
  • Title: Relates to procedures for the foreclosure of tax lien proceedings
  • Sponsor: Jamaal Bailey (primary)
  • Status: Referred to Local Government
  • Introduced: May 14, 2025
  • Legislative actions:
    • 2025-05-14: Referred to Local Government (listed twice in the provided actions)

Purpose and intent

  • The bill aims to modify or clarify the procedures used in local government tax lien foreclosure proceedings. The exact details of the changes are not provided in the summary you supplied, so the precise objectives (e.g., procedural reforms, timelines, notice requirements, or methods of foreclosure) are not yet known.

Key provisions (availability of text not provided)

  • The specific provisions of S 7940 are not included in the information provided. As a result, the exact changes to how tax lien foreclosures are conducted (e.g., steps in the process, notice and redemption timelines, court or administrative pathway, auction/transfer procedures, or recordkeeping requirements) cannot be enumerated here.
  • The bill’s title suggests a focus on foreclosure procedures related to tax liens, which commonly involves adjustments to:
    • Notice to property owners and stakeholders
    • Deadlines and timelines for foreclosure actions
    • Methods or timelines for sale/auction of tax liens or properties
    • Roles and responsibilities of local government offices (e.g., county clerks, treasurers, tax receivers)
    • Redemption rights and processes for property owners

Affected parties

  • Property owners with delinquent taxes and those facing tax lien foreclosure.
  • Local government bodies and authorities responsible for administering tax liens and foreclosures.
  • Tax lien purchasers and investors who hold or may acquire tax liens.
  • Mortgagees and other lienholders with interests in affected properties.

Procedural and timeline aspects

  • The bill is currently in an early stage of consideration, having been referred to the Local Government committee. No committee hearings, amendments, or floor actions are documented in the provided information.
  • Introduction date: May 14, 2025.
  • The presence of companion bills (A 9326 from a prior session and A 5656 as a companion) indicates ongoing legislative interest and potential alignment between the Senate and Assembly.

Legislative context

  • Related bills:
    • A 9326 (prior-session)
    • A 5656 (companion) — listed twice in the provided material
  • These companions suggest parallel or follow-on considerations in the Assembly for tax lien foreclosure procedures.

Next steps for readers

  • To understand the exact changes, review the full text of S 7940 once available, along with any fiscal notes, sponsor memos, and committee reports.
  • Monitor updates from the Local Government committee for hearings or amendments.
  • Compare with the companion Assembly bills (A 9326 and A 5656) to anticipate cross-chamber consensus or divergence.

If you’d like, I can incorporate the bill’s exact text and summarize specific provisions once the full language is available.

Compiled from official sources — confirm details with the bill’s official record.

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