OLR Bill Analysis

sHB 5539

AN ACT CONCERNING RECORDING FEES.

SUMMARY:

This bill requires anyone filing a mortgage or lien release, partial release, or assignment with a town clerk to be recorded on the land records to file a separate document for each property, unless the instrument being released, partially released, or assigned encumbers more than one property.

Current law authorizes town clerks to charge a $ 1 fee per page for a copy of any document recorded or filed in their offices. The bill allows them to charge the fee for a copy in any format (e. g. , CD-ROM or microfilm).

Finally, the bill eliminates the $ 1 fee for recording a marginal notation of a mortgage assignment after the first two assignments.

EFFECTIVE DATE: October 1, 2012

BACKGROUND

Related Bill

SB 407, favorably reported by the Planning and Development Committee, requires all mortgage assignments to be recorded in the land records and establishes a surcharge for assignments presented for recording more than 60 days after the assignment.

COMMITTEE ACTION

Planning and Development Committee

Joint Favorable Substitute

Yea

20

Nay

0

(03/23/2012)