(a) After March 14, 2024, a person shall not record, or cause to be recorded, a residential real estate service agreement in Indiana, regardless of when the residential real estate service agreement was entered into.(b) A county recorder, or an employee of a county recorder, who records a residential real estate service agreement that is presented to the county recorder's office for recording is not liable to:(1) any party to the residential real estate service agreement; or(2) any other person;regardless of when the recording occurs.(c) If a residential real estate service agreement is recorded in Indiana after March 14, 2024, the recording does not:(1) create or serve as:(A) a lien or an encumbrance on; or(B) a security interest in;the residential real estate that is the subject of the residential real estate service agreement; or(2) constitute actual or constructive notice to:(A) an otherwise bona fide purchaser of the residential real estate that is the subject of the residential real estate service agreement; or(B) any lender that makes a loan to any person in connection with the residential real estate that is the subject of the residential real estate service e residential real estate service agreement; or(B) any lender that makes a loan to any person in connection with the residential real estate that is the subject of the residential real estate service agreement;of a lien or an encumbrance on, or a security interest in, the residential real estate that is the subject of the residential real estate service agreement.As added by P.L.62-2024, SEC.1.
Indiana Legal Code