SB 17 is not a house statute.
The statute covers an interest in real property. Mineral deeds, royalty assignments, lease assignments, water rights, standing timber, and leaseholds of a year or more are inside it. Most title plants never see these instruments. The people who do rarely have a sanctions-screening habit.
Where this comes up
A mineral deed or royalty conveyance to an entity. An assignment of an oil and gas lease to a company with foreign ownership. A groundwater lease. A ranch sale with severed minerals where the mineral buyer is a different party from the surface buyer. A pipeline or solar ground lease running longer than a year.
What is different about these files
There is often no title policy and no underwriter bulletin in the file. Counsel or a landman is the facilitating party. The counterparty is frequently an entity formed for the deal. The dollar amounts are large. Nobody has told the parties to screen anyone.
What a record shows
The same record as a surface sale: questionnaire, control-person tree, OFAC screen of every name, rule version and result, hash. The questionnaire records the interest type (surface, mineral, leasehold, water, timber), the county, and the instrument date. One PDF for the deal file or the lease file.
What it does not do
It does not run title on the minerals. It does not determine who owns the interest. It records who the counterparty says it is, who controls it, and whether any of those names appear on a United States sanctions list on the date you asked.
See what the record looks like.
The sample uses fictional names and a fictional hash. It cannot be verified and it is not a record.