ND HB1225

Grantees presenting deeds to county recorders must certify one of four items: filing a full consideration report with the state board of equalization, filing with the recorder, stating the full consideration paid, or designating an applicable exemption.

County recorders must accumulate and forward consideration information to the state board of equalization at least monthly and cannot record deeds or affidavits of affixation without required disclosure statements.

The state board of equalization prescribes forms for statements and reports that must include space for explaining special circumstances affecting the consideration amount.

Disclosures do not apply to 12 categories of property and transactions including public utilities, personal property, family transfers, government sales, charitable organizations, and agricultural lands under 80 acres.

Willfully falsifying the consideration paid or falsely certifying that a report was filed constitutes a class B misdemeanor; the state board and recorder must maintain confidentiality of grantor and grantee names in public reports.