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ND HB1250
Bill
Status
3/23/2017
Primary Sponsor
Scott Louser
Click for details
AI Summary
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Requires grantees presenting deeds to county recorders to certify one of the following: filing full consideration with state board of equalization, filing with recorder, providing the full consideration amount, or designating an applicable exemption.
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Applies same disclosure requirements to parties presenting affidavits of affixation for manufactured homes, requiring certification of full consideration paid before affixation to real property.
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Prohibits county recorders from recording deeds or affidavits of affixation unless they comply with the required consideration statements.
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Establishes class B misdemeanor penalty for any person who willfully falsifies the consideration amount in statements or falsely certifies filing a report with the state board of equalization.
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Exempts specific property types and transactions from disclosure requirements, including public utility property, personal property, family transfers, government sales, foreclosures, and charitable organization transfers.
Legislative Description
Property sales price disclosures; and to provide a penalty.
Last Action
Signed by Governor 03/22
3/23/2017