Bill Summary for S 19 (2015-2016)

Summary date: 

Jun 16 2016

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 19 (Public) Filed Tuesday, February 3, 2015
AN ACT TO ADJUST THE UNIFORM FEE FOR RECORDING DEEDS OF TRUST WITH THE REGISTER OF DEEDS IN ORDER TO COMPLY WITH CLOSING DISCLOSURE REQUIREMENTS ESTABLISHED BY THE FEDERAL TRUTH IN LENDING AND REAL ESTATE SETTLEMENT PROCEDURES ACTS.
Intro. by Rabon, Rucho, Tillman.

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Bill summary

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

Amends the act's short and long titles.

Deletes all of the provisions of the previous edition and replaces them with the following.

Amends the uniform fees statute for registers of deeds found in GS 161-10 by adjusting the fee structure for registering or filing any deed of trust or mortgage, providing that the fee will be $64 for the first 35 pages plus $4 for each additional page or fraction thereof (previously the fees were $56 for the first 15 pages and $4 for each additional page). Deletes out-of-date language that provided that the fees were the same regardless if the instrument was written, printed, or typewritten. 

Effective October 1, 2016. 

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