Bill > SB1125

This bill establishes the Real Property Fraud Prevention Act, which requires county recorders of deeds to implement a new notification process for property deed recordings. Under the act, when a general warranty deed or quitclaim deed is submitted for recording, the recorder must delay recording for at least five working days and notify the current property owner by telephone, text, email, or first-class mail. The purpose is to provide property owners an opportunity to verify the legitimacy of the deed and prevent potential fraudulent property transfers. If owners confirm the deed is legitimate, it can be recorded immediately; if owners claim the deed is fraudulent, recording will be delayed an additional two business days to allow time for seeking a court order. The bill provides exceptions to the delay requirement for deeds submitted by licensed real estate brokers or reviewed by title companies. Additionally, the act authorizes county recorders to reject "defective deeds" that lack proper information, signatures, notary acknowledgments, or have other technical deficiencies. These provisions aim to add an extra layer of protection against property deed fraud by giving property owners a chance to validate unexpected deed submissions.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=600