Bill Text: MI SB1188 | 2019-2020 | 100th Legislature | Chaptered

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Bill Title: Property: recording; recording; procedures under the uniform real property electronic recording act; extend sunset. Amends sec. 5a of 2010 PA 123 (MCL 565.845a). TIE BAR WITH: SB 1186'20, SB 1189'20, SB 1187'20

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2020-12-30 - Assigned Pa 0337'20 With Immediate Effect [SB1188 Detail]

Download: Michigan-2019-SB1188-Chaptered.html

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Act No. 337

Public Acts of 2020

Approved by the Governor

December 29, 2020

Filed with the Secretary of State

December 29, 2020

EFFECTIVE DATE: December 29, 2020

 

 

 

 

 

 

state of michigan

100th Legislature

Regular session of 2020

Introduced by Senator MacGregor

ENROLLED SENATE BILL No. 1188

AN ACT to amend 2010 PA 123, entitled “An act to create the uniform real property electronic recording act; and to create an electronic recording commission and provide for its powers and duties,” by amending section 5a (MCL 565.845a), as added by 2020 PA 248.

The People of the State of Michigan enact:

Sec. 5a. (1) During the time that this section applies, a register of deeds shall accept electronic documents for recording. If a register of deeds does not have the equipment to accept an electronic document, the register of deeds shall accept for recording a tangible copy of an electronic document properly notarized under the Michigan law on notarial acts, 2003 PA 238, MCL 55.261 to 55.315.

(2) During the time that this section applies, a register of deeds need only act in substantial compliance with this act and any standards established by the electronic recording commission.

(3) During the time that this section applies, a register of deeds shall deem all financial institutions and all title insurance companies or their employed or contracted settlement agents as covered by an agreement establishing a verified transactional relationship for purposes of section 4(4). The register of deeds may ask the financial institution or title insurance company for verification of a notary’s employment or contractual association.

(4) A financial institution shall accept a document or electronic document recorded by a register of deeds under this section.

(5) This section applies after April 29, 2020 and before July 1, 2021.

Enacting section 1. This amendatory act does not take effect unless all of the following bills of the 100th Legislature are enacted into law:

(a) Senate Bill No. 1186.

(b) Senate Bill No. 1187.

(c) Senate Bill No. 1189.

This act is ordered to take immediate effect.

 

 

Secretary of the Senate

 

Clerk of the House of Representatives

Approved___________________________________________

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Governor