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 to prohibit the conveyance of their property without warranty unless certain conditions are met, including in-person signing at the recorder's office and verification of the owner's identity through government-issued photo identification.
The bill also outlines provisions for individuals who may be unable to sign the form in person, allowing for submission by an authorized representative with a power of attorney. The completed form remains effective until the property is conveyed or the form is rescinded, and the protections it provides are not transferable. Furthermore, the bill allows county recorders to charge a one-time fee for the completion of the form, with specific fee limits based on the age or disability status of the individual and the occupancy status of the property.
Statutes affected: SB 69: 14-15-403, 14-15-412