HF 3790

FIRST ENGROSSMENT

Property filing and conveyance electronic recording provided.

ARTICLE 1 -- ELECTRONIC RECORDING; COMMISSION

Section 1: Definitions are provided.

Section 2: Uniformity of application and construction language is provided.

Section 3: Validity and time of recording of electronic documents is provided.

Section 4: Recording of documents language is provided.

Section 5: Administration language is provided.

Section 6: Standards language is provided.

Section 7: Relation to electronic signatures in global and national commerce act language is provided.

Section 8: Title is provided, "Minnesota Real Property Electronic Recording Act".

Section 9: Effective date is provided - this act is effective July 1, 2008.

ARTICLE 2 -- CONFORMING CHANGES

Section 1: Rulemaking procedures language is modified.

Section 2: Electronic facsimile language is added.

Section 3: Tax, how payable; receipts language is modified.

Section 4: Statement of tax due or exemption; recording or registering of documents language is modified.
Subdivision 1. Statement of tax due or exemption.
Subdivision 2. Notice of certificate of value.

Section 5: Payment of tax; stamps language is modified.

Section 6: Reception index language is modified.

Section 7: Recorded books, indexes language is modified.

Section 8: Counties over 100,000 language is modified.

Section 9: Consecutive numbering language is modified.

Section 10: County recorder's official signature language is modified.

Section 11: Standards for documents to be recorded or filed language is modified.

Section 12: Original signatures required language is modified.

Section 13: Mortgages, how discarded language is modified.

Section 14: Form of certificate language is modified.

SNA 3/14/08