An Act To Implement A Recommendation Of The Commission To Recommend Methods For Preventing Deed Fraud In The State

Summary

The bill would obligate settlement agents and real‑estate brokerage firms to confirm the identity of anyone selling vacant land or residential property in Maine before a transaction closes. It aims to stop deed fraud by setting verification duties that take effect on Jan. 1, 2027. The required verification procedures would be established through rules adopted by state regulators.

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