Indiana House Bill 1541 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on May 16 2011 - 100% progression
Action: 2011-05-16 - Effective 07/01/2011
Text: Latest bill text (Enrolled) [HTML]

Defines "transfer fee covenant" as a declaration or covenant that: (1) purports to affect an interest in real property in Indiana; and (2) requires the payment of a transfer fee to a specified person upon a subsequent transfer of the interest in real property. Provides that a transfer fee covenant recorded in Indiana after June 30, 2011: (1) does not run with the title of the real property interest purported to be affected; and (2) is not binding or enforceable against any subsequent owner, purchaser, or mortgagee of the real property interest. Provides that any lien purporting to secure the payment of a transfer fee under a transfer fee covenant recorded in Indiana after June 30, 2011, is void and unenforceable.

Transfer fee covenants.

Rep. Kathleen Heuer [R]

Rep. Mike Speedy [R]

2011-04-26 - House - House - House concurred in Senate amendments (Y: 89 N: 0 NV: 2 Abs: 9) [PASS]
2011-04-05 - Senate - Senate - Third reading: passed (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2011-04-05 - Senate - Senate - Third reading: passed (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2011-02-21 - House - House - Third reading: passed (Y: 98 N: 0 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2011-05-16		Effective 07/01/2011
2011-05-16		Public Law 136
2011-05-09		Signed by the Governor
2011-05-02		Signed by the President of the Senate
2011-04-28		Signed by the President Pro Tempore
2011-04-27		Signed by the Speaker
2011-04-26		House concurred in Senate amendments; Roll Call 675: yeas 89, nays 0
2011-04-05		Returned to the House with amendments
2011-04-05		Third reading: passed; Roll Call 305: yeas 50 and nays 0
2011-03-31		Amendment 1 (Schneider), prevailed;
2011-03-31		Reread second time: amended and ordered engrossed
2011-03-29		Placed back on second reading
2011-03-24		Senator Zakas added as cosponsor
2011-03-22		Second reading: ordered engrossed
2011-03-21		Senator Lanane added as cosponsor
2011-03-10		Senator Randolph added as cosponsor
2011-03-10		Senator Eckerty added as third sponsor
2011-03-10		Senator Steele added as second sponsor
2011-03-10		Committee report: do pass, adopted
2011-02-22		First reading: referred to Committee on Judiciary
2011-02-21		Senate sponsor: Senator Schneider
2011-02-21		Referred to the Senate
2011-02-21		Third reading: passed; Roll Call 226: yeas 98, nays 0
2011-02-17		Second reading: ordered engrossed
2011-02-15		Committee report: amend do pass, adopted
2011-01-20		First reading: referred to Committee on Judiciary
2011-01-20		Coauthored by Representative Heuer
2011-01-20		Authored by Representative Speedy

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2011&session=1&request=getBill&doctype=HB&docno=1541
Text	http://www.in.gov/legislative/bills/2011/IN/IN1541.1.html
Text	http://www.in.gov/legislative/bills/2011/HB/HB1541.1.html
Text	http://www.in.gov/legislative/bills/2011/EH/EH1541.1.html
Text	http://www.in.gov/legislative/bills/2011/EH/EH1541.2.html
Text	http://www.in.gov/legislative/bills/2011/HE/HE1541.1.html
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0226.PDF.pdf
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Srollcal/0305.PDF.pdf
Roll Call	http://www.in.gov/legislative/bills/2011/PDF/Hrollcal/0675.PDF.pdf