Bill Summary for S 386 (2015-2016)

Summary date: 

Apr 15 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 386 (Public) Filed Tuesday, March 24, 2015
AN ACT TO SPECIFY FEES FOR RECORDING INSTRUMENTS GOVERNED BY THE UNIFORM COMMERCIAL CODE WITH REGISTERS OF DEEDS.
Intro. by Curtis.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition. 

Amends GS 161-10(a)(13) to clarify that the fees applying to services related to financing statements or other specified records do not apply to the recording or the satisfaction of a deed of trust or mortgage when it acted as a fixture filing or financing statement covering as-extracted collateral or timber to be cut. 

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