Explore RiskExec's full suite advantages and the many benefits of our flexible, easy-to-use browser-based SaaS solution for all lending portfolios.
Rhode Island has enacted the Uniform Fiduciary Access to Digital Assets Act which has been enacted in various states on which we have previously reported, effective July 15, 2019. The South Carolina legislature recently amended its laws to provide a set recording fee for certain types of documents, effective August 1, 2019.
RHODE ISLAND HOUSE BILL 5778
The Uniform Fiduciary Access to Digital Assets Act (“Act”) sets forth the requirements and obligations for a custodian to provide a designated recipient or fiduciary with access to the digital assets of a user. The Act defines digital assets and the parties involved, which includes the following:
SOUTH CAROLINA HOUSE BILL 3243
The recording fee will now be a flat rate of $15 for a deed and $25 for a mortgage or any other document affecting the title or possession of real estate. Previously, the fee to record either a mortgage or a deed was $10 plus additional fees if the document was more than four pages or required recording in both the real and personal property indexes.
The recording fee for a mortgage satisfaction or release, including a partial release, is now $10 (previously $5).
The recording fee for an assignment of mortgage is now $10 (previously $6).
Explore RiskExec's full suite advantages and the many benefits of our flexible, easy-to-use browser-based SaaS solution for all lending portfolios.