HB 1261 Summary

• Increases fee for copies of records on paper larger than legal size from $2 to $5 per page.

• Establishes inclusive fees for recording mortgages ($100), deeds ($25), assignments ($25), affidavits ($25), satisfactions ($25), and releases ($25), with remainder of collected fees deposited in recorder's records perpetuation fund.

• Changes nonconforming document fee from $1 per page to a flat $25 fee for the entire document, while requiring recorders to attach additional pages as needed.

• Allows Indianapolis housing trust fund resources to be used for programs addressing affordable housing and community development needs of lower income families, very low income families, elderly individuals, individuals with disabilities, and homeless individuals.

• Effective July 1, 2012.