The bill amends the 1945 PA 200, which governs marketable record titles to interests in land, by replacing the term "filing" with "recording" for notices of claim, thereby emphasizing the necessity of timely recording. It establishes that claims not recorded within the specified timeframe will be considered invalid. A new section (5a) is introduced to allow for the preservation of certain interests and defects in title through timely recording. The bill also clarifies definitions for terms such as "claimant," "mineral interest," and "property owners' association," while ensuring that certain rights, including those of lessors, mortgagees, and easement holders, are not extinguished.

Additionally, the bill outlines specific requirements for the content of a notice of claim, including a detailed description of the affected land and the claimant's information. It removes the previous requirement to include the liber and page number for claims unrelated to mineral interests and clarifies that certain instruments conveying land do not serve as effective notices of claim if they limit warranties. The bill aims to simplify land title transactions by allowing reliance on record titles for up to 20 years for mineral interests and 40 years for other interests, with provisions to prevent misuse of notice filings. Overall, these amendments are intended to streamline the recording process and enhance the clarity of land title transactions in Michigan.

Statutes affected:
House Introduced Bill: 565.101