(A) Initial filing.
(1) Within ten business days of filing a foreclosure action on residential property that is vacant at the time of filing, the mortgagee shall submit a vacant, foreclosed property registration form for the City Clerk or Zoning Administrator.
(2) A mortgagee is not required to submit the vacant, foreclosed registration form if the residential property located within the city is not vacant on the date of the filing of a foreclosure action on the property. However, if the residential property becomes vacant at any point during the foreclosure process, the mortgagee shall submit a vacant, foreclosed property registration form regarding the property to the city’s Zoning Administrator and City Clerk within ten business days of the vacancy.
(3) The vacant, foreclosed property registration form shall contain the following information:
(a) Description of the residential property, including, but not limited to, the street address and parcel identification number;
(b) The name, street address and telephone number of a natural person, 18 years of age or older, or a business entity registered with the Kentucky Secretary of State designated by the mortgagee as an authorized agent for receiving notices of code violations and for receiving process in any court proceeding or administrative enforcement proceeding on behalf of the mortgagee in connection with enforcement of this subchapter, and this person or entity must maintain an office in the state or must actually reside in the state; and
(c) The mortgagee shall pay the initial registration fee listed in § 150.57.
(B) Change of information. The mortgagee shall notify the city’s Zoning Administrator and City Clerk within ten business days of any change of information on the foreclosed property registration form. The vacant, foreclosed property registration form shall be maintained with accurate information until the property is sold at a judicial sale, transferred to a bona fide owner-occupant, or an unaffiliated third party. The mortgagee shall notify the Zoning Administrator and City Clerk in writing when the property is transferred to a bona fide owner-occupant or an unaffiliated third party, the property is reoccupied, or the property is sold at a judicial sale, so the property may be promptly removed from the registry.
(C) Annual requirements. On an annual basis, the mortgagee shall pay the annual registration fee listed in § 150.57.
(1992 Code, § 150.71) (Ord. 03-2013, passed 4-16-2013) Penalty, see § 150.99