AN ACT to amend and reenact subsection 6 of section 11-18-02.2 of the North Dakota Century Code, relating to statements of full consideration.

69th Legislative Assembly (2025-26) Introduced by Claire Cory and 2 co-sponsors

SB 2152 exempts many property transfers from recording full consideration, reducing disclosure for foreclosures, intra-family deals, estates, nonprofits, and small agricultural par

Filed with Secretary Of State 03/18

Purpose / Intent

SB 2152 narrows the circumstances in which a deed must include a statement of full consideration (the amount paid or other consideration reported on a deed). The bill amends subsection 6 of NDCC §11‑18‑02.2 to explicitly list deed types and transfer situations that are exempt from the requirement to provide a statement of full consideration.

Key provisions

Amends and reenacts subsection 6 of NDCC §11‑18‑02.2.

Establishes that the statement‑of‑full‑consideration requirement does not apply to deeds transferring title or relating to transactions in the following categories:

Property owned or used by public utilities
Property classified as personal property
Sales where grantor and grantee are of the same family or are corporate affiliates (if known)
Sales that are the result of estate settlement
Forced sales, mortgage foreclosures, and tax sales
Sales to or from religious, charitable, or nonprofit organizations
Sales where there is an indicated change of use by the new owner(s)
Transfers by quitclaim deed
Sales of property not assessable by law
Agricultural lands of less than eighty acres (≈32.37 hectares)

Who is affected

Property owners, buyers, sellers and their agents in North Dakota — certain transfers will no longer require reporting of full consideration on recorded deeds.

County recorders and assessors — will receive fewer consideration disclosures for the excluded transaction types, which may affect assessment data and transparency.

Title companies, real estate attorneys, lenders, nonprofit and religious organizations, utilities, and estate administrators — will see procedural simplification for covered transactions.

Local governments / tax officials — potentially reduced transaction data for valuation or audit purposes for the exempted categories.

Procedural / timeline notes

Origin: Introduced in the Sixty‑ninth Legislative Assembly (Senate Bill No. 2152).

Legislative actions recorded: introduced/referred in January 2025; passed the Senate (45–2) and the House (75–16) in early 2025; transmitted to Governor and recorded as filed with the Secretary of State on March 18, 2025 (legislative history indicates signature/filing activity on or about 03/18/2025).

No effective date is specified in the provided text. Consult the enrolled statute or Secretary of State filings for the bill’s effective date and the final codified language.

Practical implications / considerations

The bill reduces reporting burdens for a range of common transfer types (e.g., foreclosures, estate settlements, intra‑family transfers, small agricultural parcels), but also removes a source of sale‑price information used by assessors and others for property valuation and transparency.

Stakeholders who rely on recorded consideration data should review internal procedures and consult county officials about how the change will affect data availability and assessment practices.

For the authoritative enactment text and effective date, review the signed statute as published by the Secretary of State or the codified ND Century Code.

Bill