SOURCE: Page 1, line 1; (12)MO126101.1. -->
Page 1, delete lines 1 through 14, begin a new paragraph and insert:
SOURCE: IC 24-9-9-1; (12)MO126101.1. -->
"SECTION 1. IC 24-9-9-1 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 1. The county recorder
shall assess a fee of three dollars ($3) under IC 36-2-7-10(b)(11) for
each mortgage recorded. The fee county recorder shall be paid pay
two dollars and fifty cents ($2.50) for each mortgage recorded from
the mortgage recording fee assessed under IC 36-2-7-10(k) to the
county treasurer at the end of each calendar month as provided in
IC 36-2-7-10(a).
SOURCE: IC 24-9-9-2; (12)MO126101.2. -->
SECTION 2. IC 24-9-9-2 IS REPEALED [EFFECTIVE JULY 1,
2012]. Sec. 2. The county auditor shall credit fifty cents ($0.50) of the
fee collected under IC 36-2-7-10(b)(11) for each mortgage recorded to
the county recorder's records perpetuation fund established under
IC 36-2-7-10(d).".
SOURCE: Page 5, line 7; (12)MO126101.5. -->
Page 5, line 7, after "satisfaction," insert "
or".
Page 5, line 7, delete ", or a tax sale" and insert "
.".
Page 5, line 8, delete "certificate.".
Page 8, line 33, delete "." and insert "
, if the recorder charges a fee
for the affordable housing fund under subsection (b)(9) or the
housing trust fund under subsection (b)(10).".
Page 8, between lines 33 and 34, begin a new line block indented
and insert:
"
(2) Eighty-five dollars ($85) for a mortgage, if the recorder
does not charge a fee for the affordable housing fund under
subsection (b)(9) or the housing trust fund under subsection
(b)(10).".
Page 8, line 34, delete "(2)" and insert " (3)".
Page 8, line 35, delete "(3)" and insert " (4)".
Page 8, line 36, delete "(4)" and insert " (5)".
Page 8, line 38, delete "(5)" and insert " (6)".
Page 8, line 39, delete "(6)" and insert " (7)".
Page 8, line 40, delete "(7)" and insert " (8)".
Page 9, line 10, delete "(8)" and insert " (9)".
Page 9, line 16, after "(k)(1)" insert " or (k)(2)".
Page 9, line 20, delete "(k)(2)" and insert " (k)(3)".
Page 9, line 28, delete "(k)" and insert " (k)(1)".
Page 9, delete lines 32 through 35.
Page 10, delete lines 14 through 42.
Renumber all SECTIONS consecutively.
(Reference is to HB 1261 as printed January 13, 2012.)
________________________________________
MO126101/DI 87 2012