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Bill > SB69


AR SB69

AR SB69
Concerning The Recordation And Filing Of A Deed Or Other Instrument That Conveys Real Property Or An Interest In Real Property.


summary

Introduced
01/15/2025
In Committee
01/15/2025
Crossed Over
Passed
Dead
05/05/2025

Introduced Session

95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO REQUIRE A DEED OR OTHER INSTRUMENT THAT CONVEYS REAL PROPERTY OR AN INTEREST IN REAL PROPERTY WITHOUT WARRANTY BE RECORDED AND FILED ONLY BY THE RECORDER OF THE COUNTY IN WHICH THE REAL PROPERTY IS LOCATED; TO AUTHORIZE A REAL PROPERTY OWNER TO COMPLETE A FORM CREATED BY A COUNTY RECORDER'S OFFICE THAT REQUIRES CERTAIN PROVISIONS BE MADE BEFORE A DEED OR OTHER INSTRUMENT THAT CONVEYS REAL PROPERTY OR AN INTEREST IN REAL PROPERTY OWNED BY THE REAL PROPERTY OWNER MAY BE RECORDED OR FILED; AND FOR OTHER PURPOSES.

AI Summary

This bill addresses the recording and filing of property deeds without warranty by introducing new requirements for county recorders and property owners in Arkansas. Specifically, the bill mandates that deeds or instruments conveying real property without warranty can only be received and recorded by the county recorder where the property is located. The bill establishes a new process where property owners can complete a form at the county recorder's office that provides additional protection against unauthorized property transfers. This form requires the property owner to sign in person at the recorder's office, present a government-issued photo ID, and allows for power of attorney representation if the owner cannot appear personally. The bill also sets guidelines for a one-time fee associated with completing this form, with variable rates based on the owner's age, disability status, and property occupancy (ranging from $50 to $250). The form remains in effect until the property is conveyed or the owner rescinds it, and its protections are non-transferable. Ultimately, the bill aims to create an additional layer of security for property owners against potential fraudulent property transfers.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Died in Senate Committee at Sine Die adjournment. (on 05/05/2025)

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