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ND HB1136
Bill
Status
4/30/2013
Primary Sponsor
Lawrence Klemin
Click for details
AI Summary
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Requires all liens and security interests to be filed electronically through a centralized indexing system rather than with individual county recorders, effective August 1, 2015 or earlier if ready.
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Changes filing fees for UCC financing statements from $15 to $40 for initial statements and from $10 to $40 for amendments, while eliminating additional charges for central notice system protection.
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Prohibits social security numbers and federal tax identification numbers from being filed in the central indexing system or recorded in real property records after December 31, 2011.
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Allows amendments to previously filed liens to correct debtor names, add or correct tax identification numbers, and correct addresses without affecting lien priority.
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Repeals section 57-28-29 regarding tax lien filing and requires the secretary of state to report to the 64th legislative assembly comparing revenue under the new versus previous fee system.
Legislative Description
Filing tax liens; to provide for application; to provide for a report to the legislative assembly; and to provide a contingent effective date.
Last Action
Signed by Governor 04/29
4/30/2013