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ND HB1250

Bill

Status

Passed

3/23/2017

Primary Sponsor

Scott Louser

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

  • 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.

  • Applies same disclosure requirements to parties presenting affidavits of affixation for manufactured homes, requiring certification of full consideration paid before affixation to real property.

  • Prohibits county recorders from recording deeds or affidavits of affixation unless they comply with the required consideration statements.

  • 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.

  • 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

Committee Referrals

Political Subdivisions2/20/2017
Industry, Business, and Labor1/9/2017

Full Bill Text

No bill text available