This bill mandates that limited liability companies (LLCs) and foreign limited liability companies that are grantees of deeds for residential real property, specifically those containing one or two dwelling units or multiple dwellings, must disclose ownership information when submitting the deed for recording. The required disclosure includes an affidavit that identifies the registered agent and the beneficial owner of the company, along with specific details such as the full legal name, date of birth, current business address, and a unique identifying number from an acceptable identification document. This new requirement aims to enhance transparency regarding ownership of rental properties.

Additionally, the bill allows municipalities to enact ordinances that enable charges issued to these LLCs or foreign LLCs for violations of housing, building, or health codes to become liens on the property if unpaid after a specified period. The municipality must provide written notice to the property owner and other interested parties at least 90 days before filing the lien, giving them an opportunity to address the unpaid charge. This provision is intended to ensure compliance with local regulations and protect the interests of the community.

Statutes affected:
Introduced: 46:15-6