Legislative Session number- 85

Bill Name: HF3420

HF 3420

SECOND ENGROSSMENT

County registrars procedures and fees revised,
death deed transfer provided, representative capacity acknowledgments clarified,
registered land application clarified, Uniform Probate Code modified, and
foreclosure provisions modified.

ARTICLE 1 -- REGISTRAR OF TITLES

Section 1:
Standard documents language modified.

Section 2: Recording language
modified.

ARTICLE 2 -- TRANSFER ON DEATH DEEDS

Section 1: Estates of specific
persons receiving medical assistance language modified.

Section 2: Estates of
persons receiving medical assistance and survived by others language
modified.

Section 3: Conveyances, taxes paid before recording language
modified.

Section 4: Exemptions language modified.

Section 5: Transfer on
death deeds language provided.
Subdivision 1. Definitions.
Subdivision 2. Effect
of transfer on death deed.
Subdivision 3. Rights of creditors and rights of the
state and county under sections 246.53, 256B.15, 256D.16, 261.04, and
514.981.
Subdivision 4. Multiple grantee beneficiaries.
Subdivision 5.
Successor grantee beneficiaries.
Subdivision 6. Multiple joint tenant
grantors.
Subdivision 7. Execution by attorney-in-fact.
Subdivision 8. Recording
requirements and authorization.
Subdivision 9. Deed to trustee or other
entity.
Subdivision 10. Revocation or modification of transfer on death
deed.
Subdivision 11. Antilapse; deceased beneficiary; words of
survivorship.
Subdivision 12. Lapse.
Subdivision 13. Multiple transfer on death
deeds.
Subdivision 14. Nonademption; unpaid proceeds of sale, condemnation, or
insurance; sale by conservator or guardian.
Subdivision 15.
Nonexoneration.
Subdivision 16. Disclaimer by beneficiary.
Subdivision 17.
Effect on other conveyances.
Subdivision 18. Notice, consent, and delivery not
required.
Subdivision 19. Nonrevocation by will.
Subdivision 20. Proof of
survivorship and clearance from public assistance claims and liens;
recording.
Subdivision 21. After-acquired property.
Subdivision 22.
Anticipatory alienation prohibited.
Subdivision 23. Clearance for public
assistance claims and liens.
Subdivision 24. Form of transfer on death
deed.
Subdivision 25. Form of instrument of revocation.

Section 6: Conveyance;
cancellation of old and issuance of new certificate language modified.

Section
7: Conveyance; cancellation of old and issuance of new CPT language
modified.

Section 8: Requirement of survival for 120 hours for devisees,
beneficiaries of certain trusts, and appointees of certain powers of
appointment; simultaneous death act for other cases language modified.

Section
9: Effective date language provided.

ARTICLE 3 -- MISCELLANEOUS REAL
PROPERTY

Section 1: Original signatures required language modified.

Section 2:
Registered land; same incidents as unregistered; no adverse possession language
modified.

Section 3: Instruments affecting title filed with registrar; notice
language modified.

Section 4: Petition language modified.

Section 5: Effect of
registration language modified.

Section 6: Filed instrument affecting title
notice language modified.

Section 7: Notice of lis pendens language
modified.

Section 8: Effective date provided.

ARTICLE 4 -- UNIFORM PROBATE
CODE

Section 1: Entitlement of spouse; premarital will language
modified.

Section 2: Descent of homestead language modified.

Section 3: Notice
to creditors language modified.

Section 4: Limitations on presentation of
claims language modified.

ARTICLE 5 -- MORTGAGE FORECLOSURE

Section 1: To get
tax statements language modified.

Section 2: Limitations language
modified.

Section 3: Service on judgment debtor language modified.

Section 4:
Certificate of sale of realty language modified.

Section 5: Redemption of
realty language modified.

Section 6: Requisites for foreclosure language
modified.

Section 7: Foreclosure prevention counseling language
provided.

Section 8: Forms language provided.

Section 9: Notice of sale;
service on occupant language modified.

Section 10: Content of notice language
modified.

Section 11: Foreclosure advice notice to tenant language
provided.

Section 12: Sale, how and by whom made language modified.

Section
13: Postponement language modified.

Section 14: Certificate of sale; record;
effect language modified.

Section 15: Six-month redemption period language
modified.

Section 16: Redemption by creditor language modified.

Section 17:
Redemption, how made language modified.

Section 18: Action to set aside
mortgage; foreclosure; redemption language modified.

Section 19: Mortgages,
when reinstated language modified.

Section 20: Redemption by mortgagor,
creditor language modified.

Section 21: Purchaser may pay taxes and other
expenses due language provided.

Section 22: Limited right of entry language
modified.

Section 23: Effective date; expiration language provided.

SNA
5/17/08