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Bill > SB0438


IN SB0438

IN SB0438
County recorder's records perpetuation fund.


summary

Introduced
01/13/2025
In Committee
03/03/2025
Crossed Over
01/29/2025
Passed
Dead
04/24/2025

Introduced Session

2025 Regular Session

Bill Summary

County recorder's records perpetuation fund. Provides that certain fees collected by the county recorder are deposited in the county recorder's records perpetuation fund. Provides that a fee for recording a mortgage assumption is the same as the fee for recording a mortgage. Removes an expired provision. Makes stylistic changes.

AI Summary

This bill modifies several sections of Indiana law related to county recorder's records and fees, with primary focus on the county recorder's records perpetuation fund. The bill updates provisions regarding fees collected by county recorders, specifically changing how fees from recording various documents are distributed. It expands the definition of "mortgage" to include mortgage assumptions, ensures that fees for recording documents like copies, acknowledgments, and certifications are deposited into the county recorder's records perpetuation fund, and makes technical changes to update section references. The bill also removes an expired provision related to fund transfers and makes stylistic changes to improve clarity. Effective July 1, 2025, these modifications will standardize fee collection and allocation processes for county recorders across Indiana, with an emphasis on maintaining and improving record-keeping systems and equipment through the dedicated perpetuation fund.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

First reading: referred to Committee on Local Government (on 03/03/2025)

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