Bill

Bill > S3343


NJ S3343

NJ S3343
Enhances protections against fraudulent deed recordings.


summary

Introduced
01/12/2021
In Committee
02/09/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill enhances protections against fraudulent deed recordings by requiring the county recording officer to notify the transferor any time a deed transfer is being recorded for his or her property. To facilitate this requirement, the bill directs the recording officer to accept and retain a submission from a property owner of his or her preferred mailing address or e-mail address, or both. The "county recording officer" is also known as the "register of deeds and mortgages" in some counties, and the "county clerk" in the others. To further enhance protections against fraudulent deed recordings, this bill also requires the person recording the deed to submit an affidavit of title as a prerequisite to the actual deed recording. The bill allows the county recording officer to collect an additional $2 in addition to existing recording fees to offset the cost of the notification requirement. The bill takes effect on the first day of the third month next following enactment in order to allow recording offices to adjust fees.

AI Summary

This bill enhances protections against fraudulent deed recordings by requiring the county recording officer to notify the property transferor whenever a deed transfer is being recorded for their property. To facilitate this, the bill allows property owners to submit their preferred mailing or email address to the recording office, which must be retained with the deed. Additionally, the bill requires the person recording the deed to submit an affidavit of title as a prerequisite to the recording. The recording office can collect an additional $2 fee to offset the cost of the notification requirement. The bill takes effect three months after enactment to allow recording offices to adjust their fees.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Reported from Senate Committee, 2nd Reading (on 02/09/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...