LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6453 NOTE PREPARED: Feb 19, 2021
BILL NUMBER: HB 1056 BILL AMENDED:
SUBJECT: Recording Requirements.
FIRST AUTHOR: Rep. Torr BILL STATUS: Enrolled
FIRST SPONSOR: Sen. Brown L
FUNDS AFFECTED: GENERAL IMPACT: No Fiscal Impact
DEDICATED
FEDERAL
Summary of Legislation: This bill amends the requirements for instruments and conveyances to be
recorded. The bill adds instances in which an instrument is considered validly recorded for purposes of
providing constructive notice. It also defines certain terms.
Effective Date: Upon passage.
Explanation of State Expenditures: Under current law, the Indiana Department of Transportation (INDOT)
is exempt from the requirement to have an instrument acknowledged or proved before it can be recorded.
While this bill deletes that exemption, there should be no additional state expenditures as INDOT already
has a policy of having these documents notarized.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources: Indiana Department of Transportation Real Estate Division Manual,
https://www.in.gov/indot/files/Real_Estate_Division_Manual_12-15.pdf.
HB 1056 1
Fiscal Analyst: Bob Sigalow, 317-232-9859.
HB 1056 2


Statutes affected:
1. Introduced House Bill (H): 32-21-2-3, 32-21-4-1
2. House Bill (H): 32-21-2-3, 32-21-4-1
3. House Bill (S): 32-21-2-3, 32-21-4-1
4. Enrolled House Bill (H): 32-21-2-3, 32-21-4-1