State News Update – California, New Hampshire, New JerseyFebruary 15, 2018 State Update
Here are a few state news updates below.
California—Effects of Senate Bill 2 continue to evolve at the County level in California. When it went into effect on Jan 1, 2018, most Counties accepted that the majority of the documents recorded in the Bulk Sale process were exempt from the new SB2 fees being charged. Alameda, San Luis Obispo and Riverside took a different position, and the $75 per title fee was charged on many of the Bulk Sale documents recorded. Alameda has had a recent reversal in their thinking and now believes these documents were exempt and should not have been charged these fees and have begun a refund process.
New Hampshire—Effective immediately, the NH Secretary of State is now accepting facsimile signatures, original signatures are no longer required on NH corporate filings.
New Jersey—Effective January 16, 2018, the six pieces of legislation listed below.
Assembly Bill 2161
Assembly Bill 2162
Assembly Bill 2970
Assembly Bill 2971
Assembly Bill 2975
Assembly Bill 2239
If you have further questions, please contact us and speak with one of our experts 800.406.1577.