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FL H0243

Bill

Status

Introduced

10/20/2023

Primary Sponsor

Marie Woodson

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Creates the Title Fraud Prevention Through Sales Contract Notification Pilot Program in Broward County, effective July 1, 2024, with automatic repeal on July 1, 2026
  • Requires real estate brokers, attorneys, and title agents to submit the seller's name, mailing address, email address, and phone number to the Broward County property appraiser after a sales contract is executed but before the conveyance instrument is finalized
  • Requires the property appraiser to send a recording notification when a contract involving a monitored identity has been executed, alerting property owners to potential fraudulent activity
  • Shields professionals and property appraisers from civil liability for any action or inaction taken under the program
  • Requires the property appraiser to submit a report by July 1, 2026, to the Governor, Senate President, and House Speaker detailing participation numbers and a recommendation on whether to expand the program statewide

Legislative Description

Title Fraud Prevention

Last Action

Withdrawn prior to introduction

10/24/2023

Full Bill Text

No bill text available