Bill

Bill > S3221


NJ S3221

NJ S3221
Enhances protections against fraudulent deed recordings.


summary

Introduced
05/18/2017
In Committee
05/18/2017
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill enhances protections against fraudulent deed recordings by requiring the county recording officer to notify the transferor any time a deed transfer is being recorded for his or her property. To facilitate this requirement, the bill directs the recording officer to accept and retain a submission from a property owner of his or her preferred mailing address or e-mail address, or both. The "county recording officer" is also known as the "register of deeds and mortgages" in some counties, and the "county clerk" in the others. To further enhance protections against fraudulent deed recordings, this bill also requires the person recording the deed to submit an affidavit of title as a prerequisite to the actual deed recording. The bill allows the county recording officer to collect an additional $2 in addition to existing recording fees to offset the cost of the notification requirement. The bill takes effect on the first day of the third month next following enactment in order to allow recording offices to adjust fees.

AI Summary

This bill enhances protections against fraudulent deed recordings in several ways. First, it requires the county recording officer (also known as the register of deeds and mortgages or county clerk) to notify the property owner whenever a deed transfer is being recorded for their property. To facilitate this, the bill allows property owners to submit their preferred mailing or email address to the recording office. Second, the bill mandates that the person recording the deed must submit an affidavit of title as a prerequisite to the actual deed recording. Finally, the bill allows the recording office to collect an additional $2 fee per deed recording to offset the costs of the new notification requirement. The bill takes effect three months after enactment to give recording offices time to adjust their procedures.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 05/18/2017)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...