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Bill > S1245


NJ S1245

NJ S1245
Enhances protections against fraudulent deed recordings.


summary

Introduced
01/25/2018
In Committee
01/25/2018
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 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 by requiring the county recording officer to notify the transferor whenever a deed transfer is being recorded for their property. To facilitate this requirement, the bill allows property owners to submit their preferred mailing or email address for notification purposes. The bill also requires the person recording the deed to submit an affidavit of title as a prerequisite to the actual deed recording. Additionally, the county recording officer can collect an additional $2 fee per deed recording to offset the cost of the notification requirement. The bill takes effect on the first day of the third month following its enactment to allow recording offices time to adjust their fees.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Senate Community and Urban Affairs Hearing (19:00 11/14/2019 *S-4177 (Singleton) (Pending intro and referral) Requires public) (on 11/14/2019)

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