Bill > HB426

This bill, titled the Alabama Property Protection Act of 2026, aims to combat title fraud and protect property owners by establishing new regulations and enforcement mechanisms. The Alabama Securities Commission (referred to as "the commission") is granted broad authority to investigate claims of fraudulent real estate transactions, issue administrative orders, impose fines, and seek court action to recover proceeds from fraudulent conveyances, which will be deposited into an Alabama Title Fraud Recovery Fund. The bill also introduces specific requirements for real estate agents and brokers to verify seller identity and ownership documents, and for online real estate platforms to conduct similar checks before publishing listings. Furthermore, it enhances the expedited quiet title process to address fraudulent conveyances, clarifies penalties for offering false instruments for recording, and updates laws regarding notaries public to include provisions for remote notarization under specific conditions, while also creating a new felony for aggravated fraudulent sale or lease of residential real property.

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https://alison.legislature.state.al.us/bill-search