On March 26, 2019 Gov. Gary Herbert (R) signed into law UT HB 247 (2019) which repeals the following “RESPA Caption” requirement promulgated under Utah Code Ann. § 17-21-18.5(4)(a) & (b):
“(a) For recording a document that is subject to and complies with the Real Estate Settlement and Procedure Act, 12 U.S.C. Sec. 2601 et seq. for a residential property constructed for at least one family but no more than four families, the county recorder shall receive:
(i) $14 for each deed of conveyance;
(ii) $40 for each deed of trust; and
(iii) $14 for each assignment of a deed of trust when recorded concurrently with the assigned deed of trust.
(b) If a person submits for recording a document described in Subsection (4)(a), the person shall notify the county recorder by including the word ‘RESPA’ in at least 16 point font on the front page of each document.”
This repeal takes effect on May 14, 2019 (60 days after the adjournment of the Utah State Legislature).
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).