Bill Summary for S 332 (2015-2016)

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Bill: REGISTER OF DEEDS-POA INDEXING FEES.

Summary date: 

Jul 28 2015
S.L. 2015-227

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 332 (Public) Filed Wednesday, March 18, 2015
AN ACT TO ENABLE REGISTERS OF DEEDS TO COLLECT ADDITIONAL FEES FOR INDEXING INSTRUMENTS THAT CONTAIN EXHIBITS WITH MULTIPLE ENTERABLE PARTIES.
Intro. by Daniel.

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Bill summary

House committee substitute makes the following changes to the 2nd edition.

Amends proposed language in GS 161-10(a)(1) to provide that for recording an instrument that contains excessive recording data, the fee will be an additional $2 for each party listed (previously, referred to fee for each entity listed) in the instrument in excess of 20. Makes conforming changes. 

Amends the effective date to make the act effective October 1, 2015 (was, effective July 1, 2015).