Senate Bill 193 proposes several amendments to existing laws regarding the transfer of real property upon death, the handling of real property wholesaler contracts, and the filing of satisfactions of judgment. The bill modifies the process for revoking a transfer on death (TOD) beneficiary designation, stipulating that such revocation can only occur through a formally acknowledged instrument submitted for recording. It also clarifies that revocation by one owner does not affect the interests of other owners in cases of joint ownership. Additionally, the bill allows individuals to obtain evidence of a decedent's terminated property interests by submitting the most recent property tax bill instead of the previous year's bill.

Furthermore, the bill addresses the disbursement of deposits in real property wholesaler contracts, allowing for the return of deposits to either the seller or the third-party assignee without liability if the contract is rescinded. It also simplifies the process for filing satisfactions of judgment by permitting an original satisfaction signed by the owner or their attorney to be filed in other counties where the judgment has been entered. The bill includes various amendments and insertions to existing statutes to implement these changes effectively.

Statutes affected:
Bill Text: 710.13(3)(title), 710.13, 806.22(title), 806.22, 867.045(1)(j), 867.045, 867.046(2)(i), 867.046