Pacific Legal Foundation: South Dakota Bans Home Equity Theft Following Supreme Court Case Last Term
February 13, 2024
February 13, 2024
PIERRE, South Dakota, Feb. 13 -- The Pacific Legal Foundation issued the following news release on Feb. 12, 2024:
Today, Governor Kristi Noem signed into law House Bill 1090, which ends home equity theft in South Dakota by requiring tax-foreclosed properties to be auctioned within one year of the foreclosure, and the proceeds returned to the original owner. The bill, sponsored by Representative Kirk Chaffee and Senator Jim Stalzer, is the first of its kind to be introduced and passe . . .
Today, Governor Kristi Noem signed into law House Bill 1090, which ends home equity theft in South Dakota by requiring tax-foreclosed properties to be auctioned within one year of the foreclosure, and the proceeds returned to the original owner. The bill, sponsored by Representative Kirk Chaffee and Senator Jim Stalzer, is the first of its kind to be introduced and passe . . .