Real estate closing; require certain notices regarding ad valorem taxes.

HB 1514 requires sellers to provide homebuyers with specific written notice before closing on real estate. The notice must state whether property taxes (ad valorem taxes) are due on the property (unless exempt), if taxes are unpaid (in arrears), and if the property was previously sold for unpaid taxes. This applies to all real estate purchasers in Mississippi and aims to increase transparency about tax obligations during transactions. The bill, which would have taken effect July 1, 2026, died in committee and is not currently law.