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ND SB2340
Bill
Status
Passed
4/10/2017
Primary Sponsor
Scott Meyer
Click for details
AI Summary
- Modifies fee structure for recording deeds, mortgages, and other real estate instruments, changing from a per-page basis to tiered pricing: $20 for documents with 1-6 pages and $65 for documents with more than 6 pages, plus $3 for each additional page after the first 25 pages
- Increases the threshold for tract index fees from five sections of land to ten sections, with $1 charged for each additional section beyond the threshold
- Updates recording space requirements for recorder's information from 4 inches by 3.5 inches to 3 inches across the top of the first page, with automatic page addition if space cannot be provided
- Revises fees for instruments satisfying or extending multiple previously recorded instruments from a per-instrument basis to the same tiered structure, with the reference instrument threshold increased from one to ten instruments
- Requires minimum font size of ten point calibri for all typed documents unless issued by a government agency, and mandates legible text before acceptance for recording
Legislative Description
Fees charged by a county recorder for filing mortgage disclosures.
Last Action
Signed by Governor 04/10
4/10/2017
Committee Referrals
Political Subdivisions1/23/2017
Full Bill Text
No bill text available