2018 Indiana Code
TITLE 32. Property
ARTICLE 21. CONVEYANCE PROCEDURES FOR REAL PROPERTY
CHAPTER 14. Transfer Fee Covenants
32-21-14-4. Transfer fee covenants; not binding or enforceable; lien to secure payment void and unenforceable; no presumption of validity
Sec. 4. (a) A transfer fee covenant recorded in Indiana after June 30, 2011:
(1) does not run with the title of the interest in real property the transfer fee covenant purports to affect; and
(2) is not binding or enforceable at law or in equity, as an equitable servitude or otherwise, against any subsequent owner, purchaser, or mortgagee of the interest in the real property the transfer fee covenant purports to affect.
(b) Any lien purporting to secure the payment of a transfer fee payable under a transfer fee covenant recorded in Indiana after June 30, 2011, is void and unenforceable.
(c) A:
(1) transfer fee covenant; or
(2) lien purporting to secure the payment of a transfer fee payable under a transfer fee covenant;
recorded in Indiana before July 1, 2011, is not presumed to be valid and enforceable.
As added by P.L.136-2011, SEC.1.
IC 32-22 ARTICLE 22. CONVEYANCE LIMITATIONS OF REAL PROPERTY
Ch. 1.Limitations on Persons Who May Convey Real Property Ch. 2.Rights of Aliens to Hold and Convey Real Property
