This bill amends Arkansas law to establish specific requirements for the recording and filing of deeds or other instruments that convey real property or interests in real property without warranty. It mandates that such documents can only be recorded by the county recorder in the county where the property is located. Additionally, it requires county recorders to create a form that property owners must complete, which includes provisions to ensure that the conveyance is legitimate. The form must be signed in person at the recorder's office, and the owner must provide valid government-issued identification. If the owner cannot sign in person, a designated individual with a power of attorney may submit the form on their behalf.
The bill also outlines the conditions under which the completed form remains effective, including stipulations for when it can be rescinded or when the property is conveyed. It allows county recorders to charge a one-time fee for processing the form, with specific fee limits based on the age or disability status of the individual and the occupancy status of the property. Furthermore, it emphasizes that any deed or instrument purporting to convey property for which a form has been completed cannot be recorded unless all requirements are satisfied.
Statutes affected: SB 69: 14-15-403, 14-15-412