Protection of Specified Persons Against the Fraudulent and Exploitative Conveyance of Property Interests

From the Legislature

Revises persons who must report abuse, neglect, or exploitation of vulnerable adults to include clerk of court; requires quitclaim deed be executed in presence of specified number of subscribing witnesses; prohibits recording of such deeds until after specified cooling-off period; authorizes specified adult to designate certain person through filing of power of attorney; requires clerk to contact such person before cooling-off period elapses; authorizes person designated in power of attorney to object in writing to quitclaim deed being recorded; requires clerk to notify persons of right to file rescission; requires clerk to enroll specified adult in statewide Property Alert Service; requires clerk to conduct preliminary investigation; requires clerk to refer objection to not-for-profit legal aid organization for further investigation; authorizes not-for-profit legal aid organization to request additional time to investigate; requires clerk to record quitclaim deed if no fraud or exploitation of specified adult is suspected; requires clerk or not-for-profit legal aid organization that suspects quitclaim deed was obtained through fraudulent or exploitative means to refer matter to state attorney for further investigation & prosecution; requires clerks to provide certain materials written in plain language.