Regards notice of excess funds in property foreclosure sales

HB 390 updates the rules for handling leftover money from property foreclosure sales in Ohio. When a sale generates more money than needed to pay debts, the court clerk must notify the property owner about the surplus balance. The bill establishes specific mailing procedures and timelines for delivering these notices, depending on whether the balance is large or small and whether the owner's address is known. If the owner does not claim the funds within a set period, the money is treated as unclaimed property and handled according to existing state laws.