Requires notaries public and commissioners of deeds to complete and retain certain documents relating to the transfer of residential real property; relates to forgery and offering a false document concerning residential real property.
Specifies additional duties of notaries with respect to instruments conveying residential real property; requires a specific colloquy to determine that the principal understands the conveyance.
Permits electronic notarization and witnessing of certain documents.
Relating to recording requirements for certain documents concerning real property; creating the criminal offenses of real property theft and real property fraud and establishing a statute of limitations for those offenses.
Regards recording of certain real property documents
Providing for the modernization of notarization and the county register of deeds process with respect to real estate documents for the purpose of mitigation of real estate document-related fraud, requiring the development, implementation and administration of a two-tiered authentication system for notarization of real estate documents, requiring use of a 3D biometric antifraud system by all notaries public by December 31, 2026, and allowing any register of deeds to delay filing of real estate documents in the event of suspected fraud for purpose of investigating of the validity of such document.
Relating to the disclosure of information regarding a transfer on death deed in certain residential real property transactions.
Providing for the modernization of notarization and the notary public process with respect to real estate documents for the purpose of mitigation of real estate document-related fraud, requiring the development, implementation and administration of a two-tiered authentication system for notarization of real estate documents and requiring use of a 3D biometric antifraud system by all notaries public by December 31, 2027.
Property tax: documentary transfer tax: exemptions: Native American tribes.
Relating to the filing and release of record of a unilateral memorandum of contract concerning residential property.