HB331
Log in to followAN ACT relating to real property purchased at a master commissioner's sale.
Amend KRS 91.514 and create a new section of KRS Chapter 426 to establish that any residential property that is purchased at a master commissioner's sale or other court-ordered sale in a county that has a land bank authority and was occupied at any time within the 2 years prior to the sale must undergo renovations within 6 months of obtaining the title to the property and must be returned to a state of occupancy within specified time periods; define terms; establish a fine of $100 per day payable to the local government for noncompliance.
Introduced: January 12, 2026
Last action: January 20, 2026
Plain-language summary
This bill sets rules for buyers of residential properties sold through court-ordered sales, such as foreclosure sales, in counties that have a land bank authority. If a home was occupied at any point in the two years before the sale, the new owner must complete renovations within six months and return the property to a livable condition within set timeframes. Buyers who do not meet these deadlines would be fined $100 per day, with that…
Bill Text Versions
Legislative History
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