Citations Affected: 32-21-4-3.
Synopsis: Instruments of defeasance. Conference committee report for ESB 295. Requires
certain instruments of defeasance concerning the conveyance of an estate in land, except deeds
of defeasance or bonds, to: (1) be in a form required by the deed; (2) contain an accurate legal
description of the estate in land; (3) be dated; (4) have been acknowledged before a notary public;
(5) have been made for consideration; and (6) be recorded within 90 days after the date of the
deed. (This conference committee report removes requirements for certain persons to
perform a title search in conjunction with certain mortgages.)
Effective: July 1, 2005.
Your Conference Committee appointed to confer with a like committee from the House upon Engrossed House Amendments to Engrossed Senate Bill No. 295 respectfully reports that said two committees have conferred and agreed as follows to wit:
that the Senate recede from its dissent from all House amendments and that
the Senate now concur in all House amendments to the bill and that the bill
be further amended as follows:
Senator SteeleRepresentative Foley
Senator LananeRepresentative Pierce
Senate Conferees House Conferees