ARDA and ARDA-ROC Address Filing and Recording Fee Increase

2019-01-08

Issue Brief

South Carolina HB 3243 aims to amend filing and recording fee structures for various filing fees. The bill proposes a 250% fee increase from $10 to $25 on the recording of many documents. We were able to get the bill amended to keep the recording of timeshare deeds to $10 and to preserve our bulk filing concessions that some HOAs use to keep costs down.

   

Impact

Reducing the recording of timeshare deed fees will result in significant savings to the timeshare industry and owners in the state.

   

Position/Call to Action

 

Issue Updates

  • Introduced in House January 8, 2019

  • Recording of timeshare deeds from the proposed 250% fee increase from $10 to $25 has been removed 

  • Bulk filing concessions remain

Resolution

 

  • HB 3243 passed and was signed into law.The cost of recording a mortgage increased from $10 to $25
  • Bulk filing provisions in 8-21-310(B)(5) were preserved - takes effect on August 1, 2019.