This bill proposes updates to current statutes regarding the recording of instruments related to the sale of real property by the County Recorder. Under the new provisions, the County Recorder would be prohibited from recording such instruments for a period of five business days. During this time, the Recorder is required to send a notice to the seller identified on the instrument, informing them of the pending recording. If the seller subsequently requests that the instrument not be recorded, the Recorder must comply with this request.
Additionally, the bill makes several technical changes to the existing language of the statute. It clarifies the responsibilities of the County Recorder in terms of recording instruments and ensures that the notice process is clearly defined. Overall, these changes aim to enhance the protection of sellers in real property transactions by providing them with a window of time to respond before their sale is officially recorded.
Statutes affected: Introduced Version: 11-471