New rules for transactions with real estate and cars are already in force in our country, after the adopted changes in the Tax – Insurance Procedure Code – DOPC, which are in force from 05.03.2024.
The amendments provide for the abolition of the declarations of the absence of outstanding public obligations, which citizens are obliged to obtain and present when transferring real estate and motor vehicles. The verification of such obligations will now be carried out by the notary electronically or, in a limited number of cases, by the registration judge. According to these changes, notaries and registration judges will now be jointly and severally liable for the obligations owed by citizens in case of non-compliance with the requirements of the law.
Replacing the presentation of the archaic, millions of affidavits of citizens per year with an effective real-time check for the presence of outstanding, enforceable public obligations will significantly increase the collection of revenues in the budget, the Chamber of Notaries explains.
Notaries will have remote access to the information systems of the NRA, through which they will receive information through application program interfaces, adds the chamber. It will be implemented jointly by the Directorate “Information Systems and Electronic Management” and the IT specialists of the Chamber of Notaries.
The built-in electronic information exchange is an innovative solution for electronic administrative procedure that increases the role and responsibility of the notary in real estate and motor vehicle transactions.
“These innovations create additional work for intermediaries in real estate transactions, and especially for notaries. The main burden falls on notaries, who act as tax collectors at the expense of the state,” said Anton Andonov, a broker in a real estate agency in front of BNT.
The new rules call the deals into question. “If the notary finds that there are such obligations, they must be repaid immediately or a new appointment must be made and a new transaction organization created,” added Anton Andonov.
If a notary confesses a transaction to a person with obligations to the state, he will be personally liable.
“These changes really put a strain on our work, as the notary must effectively check for the existence of public obligations subject to public execution – not as until now the parties submitted declarations. We are personally responsible. This means, if one fine for one a traffic violation is not paid, then the notary must pay it from his own pocket,” commented Dimitar Tanev, chairman of the Chamber of Notaries.
Hastily made changes to the Tax and Insurance Procedural Code 10 days ago also brought turmoil to the sector. The redacted text requires re-checking by a registration judge as well. “I am worried that there will be a delay in the transaction, because according to my information, the registration judges are still not ready with the relevant equipment, computers, they do not have electronic signatures, and this could cause a delay,” added Dimitar Tanev.
Specialists advise that inquiries about obligations be made earlier than the day of the transaction, as this is possible through the NRA website.
“We will advise clients and help them make electronic inquiries or take out certificates under Article 87 whether or not they have obligations a few days before the transaction,” said Anton Andonov, a broker in a real estate agency.
/GlasNews.bg/
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