Expands available protections against fraudulent recording of quitclaim deed.
Impact
If enacted, A1846 will require county recording officers to notify property owners whenever a quitclaim deed is sought to be recorded, provided the owner has submitted their preferred contact information for such notifications. The county recording officer will be mandated to delay the recording of the quitclaim deed for a minimum of 10 business days, and not more than 12 business days, after sending the notification. This delay aims to afford property owners the opportunity to contest any potentially fraudulent activities regarding their properties.
Summary
Assembly Bill A1846 aims to expand protections against the fraudulent recording of quitclaim deeds. The bill introduces provisions allowing property owners to request notifications whenever a quitclaim deed is submitted for recording on their property. This measure is designed to enhance the security of property ownership and provide property owners with greater control over the transactions that affect their real estate assets.
Contention
While the bill is poised to bolster protections for property owners, there may be concerns regarding the implications of added procedural requirements in local government operations. Critics might argue about the burden placed on county recording offices, especially pertaining to the additional fees that can be charged to property owners seeking notifications. This has the potential to create resistance from both local government officials and some property owners who may view the fees as a financial imposition.