GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2015

SESSION LAW 2015-227

SENATE BILL 332

AN ACT to enable registers of deeds to collect additional fees for indexing instruments that contain exhibits with multiple enterable parties.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 161‑10(a) reads as rewritten:

"§ 161‑10.  Uniform fees of registers of deeds.

(a)        Except as otherwise provided in this Article, all fees collected under this section shall be deposited into the county general fund. While performing the duties of the office, the register of deeds shall collect the following fees which shall be uniform throughout the State:

(1)        Instruments in General. – For registering or filing any instrument for which no other provision is made by this section, the fee shall be twenty‑six dollars ($26.00) for the first 15 pages plus four dollars ($4.00) for each additional page or fraction thereof.

For any instrument that assigns more than one security instrument as defined in G.S. 45‑36.4(18) by reference to previously recorded instrument recording data that are required to be indexed pursuant to G.S. 161‑14.1(b), the fee shall be an additional ten dollars ($10.00) for each additional reference.

For an instrument that contains excessive recording data, the fee shall be an additional two dollars ($2.00) for each party listed in the instrument in excess of 20. An instrument contains excessive recording data when there are more than 20 distinct parties listed in the instrument, including any attachments and exhibits, that require indexing pursuant to G.S. 147‑54.3 or this Chapter.

When a document is presented for registration that consists of multiple instruments, the fee shall be an additional ten dollars ($10.00) for each additional instrument. A document consists of multiple instruments when it contains two or more instruments with different legal consequences or intent, each of which is separately executed and acknowledged and could be recorded alone.

…."

SECTION 2.  This act becomes effective October 1, 2015.

In the General Assembly read three times and ratified this the 19^th day of August, 2015.

                                                                    s/  Daniel J. Forest

                                                                         President of the Senate

                                                                    s/  Tim Moore

                                                                         Speaker of the House of Representatives

                                                                    s/  Pat McCrory

                                                                         Governor

Approved 10:05 a.m. this 25^th day of August, 2015