Sec. 8. (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 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.
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