Saturday, March 19, 2011

Pasco may fine banks for noncompliance

Pasco County has put banks on notice that they have until April 1st to register their foreclosed properties or else.  The purpose of the registry is for county code enforcement officers to be able to contact someone in charge of the property when homes are in disrepair or present safety concerns.  Pasco may fine the banks up to $500 per day for failure to register.  Neighboring Hillsborough County has a similar ordinance with potential daily fines of up to $1,000 per day for noncompliance.

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