Requires limited liability company disclose certain information when recording deed concerning residential rental property.

S 278 requires limited liability companies (LLCs) and foreign LLCs purchasing residential rental properties to disclose specific ownership information when recording property deeds. The bill mandates that these companies attach an affidavit identifying their registered agent’s name and business address, and if the agent isn’t a company member, also disclose at least one company member’s details. This applies to all residential rental properties - regardless of the number of dwelling units - when the LLC is the buyer. The disclosure must be submitted with the deed at the time of recording with the county office, enhancing transparency in rental property transfers.