Senate Bill 505 was recently passed by both the Indiana Senate and the House of Representatives, signed into law by Governor Eric Holcomb on April 21, 2017, and will take effect on July 1, 2017.
SB 505 specifically addresses the following:
- Replaces the current confusing fee structure with a more predictable and transparent “flat” fee for documents filed with the county recorder;
- Modernizes the bulk user statute to reflect changes in the industry while ensuring the preservation of the public record; and
- Allows for the electronic recording of public documents to increase efficiencies.
This legislation modernizes the document recording process and fee structures making it easier for Hoosiers to record public documents, while also reflecting the increased costs incurred to satisfy this important public service. It is our hope to make this transition for our submitters and other interested parties as smooth as possible with the goal of consistency among our 92 counties.
More details of SB505 can be found here.
A complete Fee Schedule, effective 1 July 2017, can be found here.
Recorders may also want to make use of this press release template, which can be tailored to your own County.