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AR HB1274
Bill
Status
4/10/2025
Primary Sponsor
Les Warren
Click for details
AI Summary
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Title insurance agents, insurers, and title companies are authorized to pay real property taxes when facilitating real estate transactions and issuing titles
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County collectors must accept real estate tax payments during property transfers if the seller has paid all delinquent personal property taxes
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County collectors who receive written or electronic requests from closing facilitators must respond within 3 business days with a statement of all real estate taxes owed and any related delinquent personal property taxes
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If a county collector fails to respond within the 3-day deadline, they must accept real estate tax payments without requiring payment of related personal property taxes
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County collectors who knowingly accept real estate tax payments without collecting due personal property taxes face fines of $25 to $100, except under the new exemptions created by this act
Legislative Description
To Allow A Title Insurance Agent, Title Insurer, Or Title Company To Pay Real Property Taxes In Conjunction With The Issuance Of A Title.
Last Action
Notification that HB1274 is now Act 521
4/10/2025