What rules govern tax-sale surplus in Arkansas?+
Ark. Code Ann. § 26-37-205 and 26 CAR §§ 400-401–400-403 govern Commissioner of State Lands tax-sale excess through a statewide procedure. The Commissioner holds the former owner's remainder after statutory distributions in escrow for one year before the former record owner may apply.
What claim details matter for tax-sale proceeds in Arkansas?+
Ark. Code Ann. § 26-37-205 and 26 CAR §§ 400-401–400-403 govern Commissioner of State Lands tax-sale excess through a statewide procedure. The Commissioner holds the former owner's remainder after statutory distributions in escrow for one year before the former record owner may apply. For parcels sold after July 1, 2018, funds remain available for two years; for sales after July 1, 2005 through June 30, 2018, the published claim period was three years.
What timing applies to tax-sale surplus in Arkansas?+
For parcels sold after July 1, 2018, funds remain available for two years; for sales after July 1, 2005 through June 30, 2018, the published claim period was three years. After the applicable period, unclaimed funds return to the county; these excess-claim periods are separate from pre-sale property redemption.
How are mortgage foreclosure proceeds handled in Arkansas?+
Ark. Code Ann. § 18-50-109 governs statutory foreclosure proceeds: expenses, debt, later recorded liens by priority, then surplus to the grantor or entitled successor. Title 18, Chapter 50 supplies the nonjudicial procedure, and § 18-50-109 sets no fixed grantor surplus-claim deadline.
What claim details matter for foreclosure surplus in Arkansas?+
Ark. Code Ann. § 18-50-109 governs statutory foreclosure proceeds: expenses, debt, later recorded liens by priority, then surplus to the grantor or entitled successor. Title 18, Chapter 50 supplies the nonjudicial procedure, and § 18-50-109 sets no fixed grantor surplus-claim deadline. A statutory foreclosure creates no implied property-redemption right under § 18-50-116.
What timing applies to mortgage surplus in Arkansas?+
A statutory foreclosure creates no implied property-redemption right under § 18-50-116. After judicial foreclosure, § 18-49-106 allows one year from sale to redeem, but that property right may be waived in the mortgage or deed of trust.
What rules apply to state-held unclaimed funds in Arkansas?+
Ark. Code Ann. §§ 18-28-201 et seq. govern unclaimed property, with initial owner claims under § 18-28-215 and current Auditor of State administrative rules. Section 18-28-215 sets no fixed initial owner-claim cutoff.
What claim details matter for unclaimed property in Arkansas?+
Ark. Code Ann. §§ 18-28-201 et seq. govern unclaimed property, with initial owner claims under § 18-28-215 and current Auditor of State administrative rules. Section 18-28-215 sets no fixed initial owner-claim cutoff. The administrator must allow or deny a filed claim within 90 days and generally pay or deliver an allowed claim within 30 days.
What timing applies to unclaimed funds in Arkansas?+
The administrator must allow or deny a filed claim within 90 days and generally pay or deliver an allowed claim within 30 days. A denial may be addressed through a new claim or an action under § 18-28-216.
What should owners and recovery businesses keep separate in Arkansas?+
After the applicable period, unclaimed funds return to the county; these excess-claim periods are separate from pre-sale property redemption. After judicial foreclosure, § 18-49-106 allows one year from sale to redeem, but that property right may be waived in the mortgage or deed of trust. A denial may be addressed through a new claim or an action under § 18-28-216.
