Requires disclosure of sales prices in real estate sales

This bill requires anyone recording a real estate sales contract to include the specific sales price of the property in their official documents. If a contract is recorded without this price information, the buyer must pay a fine equal to five percent of the property's sales price. The state's attorney general or the local county prosecutor can file a lawsuit to collect these penalties. However, the rule does not apply to contracts that transfer only mineral rights rather than the land itself.