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IN HB1075
Bill
Status
1/6/2015
Primary Sponsor
Alan Morrison
Click for details
AI Summary
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Increases the mortgage recording fee from $3 to $8 for each mortgage on real estate that is recorded.
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Requires the $5 fee increase to be deposited in the county surveyor's corner perpetuation fund.
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The remaining $3 of the $8 fee continues to be distributed as follows: $0.50 to the recorder's record perpetuation fund and $2.50 to the auditor of state.
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Effective date is July 1, 2015.
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Amends Indiana Code sections IC 24-9-9 and IC 36-2-7-10.
Legislative Description
Mortgage recording fee. Increases from $3 to $8 the fee to be collected for each mortgage on real estate that is recorded. Requires the $5 increase to be deposited in the county surveyor's corner perpetuation fund.
Last Action
First Reading: referred to Committee on Local Government
1/6/2015