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AR HB1824

Bill

Status

Passed

4/28/2021

Primary Sponsor

Andrew Collins

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 21-6-306(a)(1)(B) to clarify recording fees for mortgage assignments, releases, modifications, correction deeds, and similar instruments that reference multiple previously recorded documents.

  • Charges an additional fee of $15 per instrument listed when multiple previously recorded instruments are included in a single document for purposes of assigning, releasing, modifying, or correcting them, with a maximum cap of $300.

  • Prohibits recorders from charging the additional per-instrument fee when a document merely references a previously recorded instrument for purposes other than assignment, release, modification, or correction.

Legislative Description

To Amend The Law Concerning Recorders; And To Amend The Law Concerning The Uniform Fee For Recording Instruments.

Last Action

Notification that HB1824 is now Act 982

4/28/2021

Committee Referrals

City, County & Local Affairs4/6/2021
Insurance and Commerce3/23/2021

Full Bill Text

No bill text available