Section 32-28-15-8 - Effect of recording a real estate service agreement after March 14, 2024; immunity from liability; lien(a) After March 14, 2024, a person shall not record, or cause to be recorded, a residential real estate service agreement in Indiana, regardless of when the residential real estate service agreement was entered into.(b) A county recorder, or an employee of a county recorder, who records a residential real estate service agreement that is presented to the county recorder's office for recording is not liable to: (1) any party to the residential real estate service agreement; or(2) any other person; regardless of when the recording occurs.
(c) If a residential real estate service agreement is recorded in Indiana after March 14, 2024, the recording does not:(1) create or serve as: (A) a lien or an encumbrance on; or(B) a security interest in; the residential real estate that is the subject of the residential real estate service agreement; or
(2) constitute actual or constructive notice to:(A) an otherwise bona fide purchaser of the residential real estate that is the subject of the residential real estate service agreement; or(B) any lender that makes a loan to any person in connection with the residential real estate that is the subject of the residential real estate service agreement; of a lien or an encumbrance on, or a security interest in, the residential real estate that is the subject of the residential real estate service agreement.
Added by P.L. 62-2024,SEC. 1, eff. 3/11/2024.