Bill > HB411

This bill modifies fees collected by county clerks for recording certain documents, with a portion of the increased fees directed to the Affordable Housing Trust Fund, a state fund established to support affordable housing initiatives. Specifically, the bill increases the fee for recording deeds and mortgages, with a larger portion of these new fees, $23 for deeds and $13 for mortgages, going to the Affordable Housing Trust Fund, while the county clerk retains the remainder. Furthermore, starting January 1, 2027, these fees will be adjusted annually based on the Consumer Price Index for All Urban Consumers (CPI-U), a measure of inflation, ensuring the fund receives an amount that keeps pace with rising costs, with any increase also going entirely to the Affordable Housing Trust Fund. These changes will take effect for services provided by county clerks on or after August 1, 2026.

Government Affairs

https://apps.legislature.ky.gov/record/26RS/hb411.html