§ 10-1-110. DEEDS.  


Latest version.
  • (a)

    Exemption. The requirements of this section do not apply to a deed the purpose of which is to:

    (1)

    Transfer ownership of property from the property owner to the same property owner and the spouse of the property owner; or

    (2)

    Change the name of a spouse who is already an owner of the property.

    (b)

    Lien certificate required. When a deed which changes or transfers ownership of property is presented to the Office of Budget and Finance, the deed shall be accompanied by a lien certificate issued under § 10-1-109 of this title.

    (c)

    Requirements for approval of a deed. The Director of Budget and Finance may not approve a deed unless:

    (1)

    The deed is accompanied by a valid lien certificate; and

    (2)

    The person intending to record the deed presents appropriate evidence that all of the charges shown on the lien certificate which are then due and payable have either been paid or will be paid before recordation of the deed.

(1988 Code, § 15-11) (Bill No. 87, 1990, §§ 2, 3, 8-13-1990; Bill No. 49-96, § 7, 7-1-1996; Bill No. 83-00, § 2, 7-1-2004)