Steven Beshear's 2009 Law for Tax Liens

     Kentucky Governor, Steven Beshear, signed the law in 2009, which suppose to regulate the major players in property tax lien investing. The new law required individuals and entities who purchase three bills in one county, five statewide or more than $10,000 worth to register with the State Department of Revenue and be in good standing with the Attorney General’s Office of Consumer Protection.
            This law is especially important since if you successfully prove the Attorney General's Office any wrongdoing, then you should be able to move the registered companies name from the list of buyers. This will simple prevent them from conducting any more business in Kentucky.
      The Kentucky County Clerks Association supported the legislation, which was introduced by state Rep. Arnold Simpson D-Covington. May be we can ask Mr. Simpson to help our cause when we encounter a bad player. When I heard about Mr Simpson's involvement in this law, I contacted him via e-mail. He was very helpful and ready to listen to our cause. Unlike Governor Beshear or Attorney General Jack Conway, he is not a beneficiary of generous donations from Tax Ease Liens. We will appreciate his input in our growing struggle in regulating this market.