Property Protection: New Notary Rules and Grants to Combat Deed Fraud
The Act directs the Secretary of HUD to establish a grant program to address deed fraud. To be eligible for a grant, states must implement notary requirements involving fingerprinting or video recording for real property transfers. At least 35% of grant funds must be used for legal assistance and title clearing costs for low-income individuals.
Key points
State requirements: To receive a grant, a state must require notaries to collect a thumbprint (for in-person acts) or save a video/picture (for electronic or remote acts) when transferring real property interests.
Victim assistance: At least 35% of grant amounts must be used to provide legal assistance and cover title clearing costs for low-income individuals.
Sentencing guidelines: The United States Sentencing Commission is directed to amend guidelines to provide sentencing enhancements for offenses involving deed fraud.
Status:
Expired
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