HB414 - Land records; recording and indexing fees.

1 Co-Sponsor

Land records; recording and indexing fees. Provides that no clerk of a circuit court shall assess separate recording and indexing fees for one document that contains two or more instruments that may serve independent legal purposes, including a record of a mortgage as a financing statement, unless the person presenting such document or instruments requests that such document or instruments be recorded and indexed in more than a single instance. The bill also provides that no recordation tax shall be required of a quitclaim deed between a grantor and grantee when no consideration has passed between the parties, provided that such quitclaim deed shows on its face that no consideration has passed.