Bill Summary for H 524 (2025-2026)
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View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO REQUIRE THE REGISTER OF DEEDS TO PROVIDE ACCESS TO A FRAUD DETECTION ALERT SYSTEM AND TO MODIFY PROVISIONS REGARDING PROPERTY CRIMES.Intro. by Kidwell, Tyson.
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Bill summary
Section 1.
Enacts GS 161-32, pertaining to a fraud detection alert system, as follows. Defines fraud detection alert system (a system which sends automated recording notifications), land records, monitored identity, recording identification, and registrant. Requires the register of deeds to ensure that registration for a fraud detection alert system is possible through an electronic registration portal, as described. Requires, when a land record is recorded for a monitored identity, that a recording notification be sent within 24 hours after the recording has been completed to each registrant who is subscribed to receive recording notifications for that monitored identity with the five required prongs of information. Specifies that no cause of action lies against a register of deeds or county with respect to the creation, maintenance, or operation of a fraud detection alert system as required by the act. Allows for a reasonable fee to enroll in the alert system. Effective October 1, 2025, and applies to land records recorded after that date.
Section 2.
Expands the conduct covered under GS 14-117.8 that constitutes an unfair trade practice to include knowingly listing or advertising residential real property in violation of the statute. Allows for recovery of a reasonable attorney fee to the attorney representing the person bringing the suit without finding that there was an unwarranted refusal by the party charged with the violation to fully resolve the matter which constitutes the basis of the suit. Effective October 1, 2025, and applies to causes of action arising on or after that date.