Requires limited liability company to disclose certain information when recording deed concerning residential rental property.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires limited liability companies (LLCs) and foreign LLCs transferring residential rental property to disclose information about their registered agent when recording a deed. Specifically, the deed must be accompanied by an affidavit identifying the registered agent’s name and business address, or, if the agent is not a member of the LLC, an affidavit identifying at least one member. This aims to increase transparency in real estate transactions involving rental properties.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
M. Ruiz
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