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.