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Senate committee adopts amendment and advances bill aimed at deterring deed fraud
Summary
A Senate committee adopted an amendment to SB 406 that narrows how identification is handled when deeds are recorded and advanced the bill to the next stage. Supporters said the measure helps deter property-transfer fraud; a citizen witness urged a stronger ‘freeze’ option.
Senator Clark presented Senate Bill 406 to a Senate committee during a committee meeting, and members adopted an amendment before voting to advance the bill out of committee.
The measure, as explained by supporters, is aimed at reducing property deed fraud, including so-called seller-impersonation schemes in which a bad actor forges a deed to transfer or sell property they do not own. Senator Clark said the bill is intended to improve “title security” and help prevent titles from being stolen.
The amendment adopted clarifies who counts as the listed grantor for identification purposes — explicitly encompassing trustees of a trust, a member of an LLC, a president of a corporation or an attorney-in-fact acting under a power of attorney — and removes the practice of recording a copy…
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