SB 715: Land records; certain financing statements, recording and indexing fees.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Land records; certain financing statements; recording and indexing fees. Sets forth the fees that a clerk of the circuit court shall charge for recording and indexing a multipurpose deed of trust or mortgage, described in the bill as a deed of trust or mortgage, whether or not commercial, that serves multiple purposes and contains two or more components that may serve as independent legal instruments for independent legal purposes. The bill provides that no clerk of a circuit court shall assess separate recording and indexing fees for such multipurpose deed of trust or mortgage unless the person presenting such document or instruments requests that such document or instruments be recorded and indexed in more than a single instance. The bill also provides that no recordation tax shall be required of a quitclaim deed or deed to correct a fraudulently recorded deed, including a deed of trust, between a grantor and grantee when no consideration has passed between the parties.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 10, 2026Continued to next session in Finance and Appropriations (15-Y 0-N)
2. February 2, 2026Reported from Courts of Justice and rereferred to Finance and Appropriations (14-Y 0-N 1-A)
3. January 14, 2026Referred to Committee for Courts of Justice
4. January 14, 2026Presented and ordered printed 26101348D