The bill amends the 1945 PA 200, which governs marketable record titles to land interests and the requirements for filing notices of claim. Key changes include replacing the term "filing" with "recording" for notices of claim and introducing a new section (5a) that allows for the preservation of certain interests by recording within two years after the effective date of the amendatory act. It clarifies that a person has a marketable record title if they maintain an unbroken chain of title for 20 years for mineral interests and 40 years for other interests, with specific exceptions for claims not extinguished by the act.

Additionally, the bill outlines the requirements for recording a notice of claim, which must include a detailed description of the affected land, the claimant's name and address, and the interest being claimed, while removing the need to state the liber and page number of the recorded instrument. Instead, it mandates a unique identification number assigned by the register of deeds. The bill also establishes that claims affecting land interests will be extinguished unless a notice of claim is recorded within the specified time frames and includes provisions to prevent misuse of the notice of claim process. Overall, these amendments aim to streamline land title transactions and protect the rights of property owners.

Statutes affected:
Substitute (H-1): 565.101
House Introduced Bill: 565.101
As Passed by the House: 565.101