Bill Summary for H 384 (2011-2012)

Summary date: 

Mar 16 2011
S.L. 2011-296

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 384 (Public) Filed Wednesday, March 16, 2011
TO SIMPLIFY THE FEES CHARGED FOR REGISTERING INSTRUMENTS WITH A REGISTER OF DEEDS IN THIS STATE.
Intro. by Howard, West, Rapp, Wilkins.

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Bill summary

Amends GS 161-10(1)(1), which sets out uniform fees of registers of deeds, to increase the fee for registering or filing any instrument to $30 for the first 15 pages plus $5 for each additional page. Adds that a subsequent instrument presented for registration with reference to more than one instrument requiring indexing will cost an additional $25 per reference. Clarifies that a document presented for registration consisting of multiple instruments will cost an additional $10 per instrument. Deletes the provisions of GS 161-10(a)(1a), which lists fees for deeds of trusts and mortgages, and GS 161-10(a)(16), which lists the probate fee.
Repeals GS 161-11.4 (fees for floodplain mapping) and GS 161-11.6 (fees for archival of records).
Amends GS 161-11.5, directing $5 of the fee collected by the register of deeds for registering an instrument to ultimately be remitted to the state treasurer and credited as follows: (1) 50% to the Department of Crime Control and Public Safety for the Floodplain Mapping Fund, (2) 25% to the Department of Cultural Resources to offset the costs of the Archives and Records Management program, and (3) 25% to the General Fund. Current law directs the monies solely to the General Fund. Makes a conforming change.
Applies to instruments registered on and after October 1, 2011.

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