Bill > HB1271

This bill amends a section of North Dakota law regarding exceptions to requirements for providing statements of full consideration when transferring property. Specifically, the bill modifies an existing provision by changing language related to quitclaim deeds, clarifying that a quitclaim deed used to correct a title defect is now exempt from the requirement to provide a statement of full consideration. The bill maintains a broad list of property transfers and transactions that are already exempt from this reporting requirement, including transfers involving public utilities, personal property, sales within families or corporate affiliates, estate settlements, forced sales, mortgage foreclosures, tax sales, transfers to or from religious or nonprofit organizations, sales with a change in property use, property not assessable by law, and agricultural lands under 80 acres. The amendment appears to be a technical correction aimed at streamlining property transfer documentation and reducing administrative burdens for certain types of property transactions.

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https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1271.html