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AN ACT relating to county clerks and making an appropriation therefor. - page 6 / 14

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UNOFFICIAL COPY AS OF  03/10/0404 REG. SESS.04 RS HB 611/HCS

(1)All deeds, mortgages and other instruments required by law to be recorded to be effectual against purchasers without notice, or creditors, shall be recorded in the county clerk's office of the county in which the property conveyed, or the greater part thereof, is located.

(2)No county clerk or deputy county clerk shall admit to record any deed of conveyance of any interest in real property equal to or greater than a life estate, unless the deed plainly specifies and refers to the next immediate source from which the grantor derived title to the property or the interest conveyed therein.

(3)If the source of title is a deed or other recorded writing, the deed offered for record shall refer to the former deed or writing, and give the office, book and page where recorded, and the date thereof. If the property or interest therein is obtained by inheritance or in any other way than by recorded instrument of writing, the deed offered for record shall state clearly and accurately how and from whom the title thereto was obtained by the grantor.

(4)If the title to the property or interest conveyed is obtained from two (2) or more sources, the deed offered for record shall plainly specify and refer to each of the sources in the manner provided in subsections (2) and (3), and shall show which part of the property, or interest therein, was obtained from each of the sources.

(5)The clerk or deputy clerk shall record on the deed, mortgage, or other instrument itself the date and time of any changes made to the deed, mortgage, or other instrument and shall record on the deed, mortgage, or other instrument itself the book number and the page number or place of recordation of the original document. All deeds, mortgages, and other instruments shall be lodged for record within twenty-four (24) hours of the time that the deed, mortgage, or other instrument is delivered to the clerk's office.

(6)No grantor shall lodge for record, and no county clerk or deputy shall receive and

Page 6 of 13

HB061130.100-1953HOUSE COMMITTEE SUB

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