Relating to: revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.

AB 195 clarifies rules for property transfers after death and related financial processes. It specifies that Transfer-on-Death (TOD) beneficiary designations only take effect after the owner's death, and owners can revoke these designations anytime by recording a new document meeting specific requirements. The bill also standardizes how deposits must be returned when real estate contracts are rescinded (to the seller or third-party assignee) and outlines acceptable documents for filing satisfaction of judgments. It requires property tax bills as evidence when transferring property after a person's death, streamlining documentation for county offices. These changes primarily affect property owners, real estate professionals, and court clerks handling property transfers and judgments.