Minnesota Session Laws - 2000, Regular Session

                            CHAPTER 391-S.F.No. 3346 
                  An act relating to real property; requiring the 
                  secretary of state to establish a task force to study 
                  and make recommendations on electronic filing of real 
                  estate documents. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [ELECTRONIC FILING OF REAL ESTATE DOCUMENTS.] 
           Subdivision 1.  [TASK FORCE; MEMBERSHIP.] The secretary of 
        state shall establish a task force to study and make 
        recommendations for the establishment of a system for the 
        electronic filing and recording of real estate documents.  The 
        task force must include: 
           (1) two members of the senate appointed by the subcommittee 
        on committees of the committee on rules and administration and 
        two members of the house appointed by the speaker of the house; 
           (2) representatives of county recorders and other county 
        government officials; 
           (3) real estate attorneys, real estate agents, and public 
        and private land surveyors; 
           (4) representatives of title companies, mortgage companies, 
        and other real estate lenders; 
           (5) a representative of the Minnesota historical society 
        and other state and local government archivists; 
           (6) technical and industry experts in electronic commerce 
        and electronic records management and preservation; 
           (7) representatives of federal government-sponsored 
        enterprises active in the real estate industry; 
           (8) the commissioner of revenue; and 
           (9) other members appointed by the secretary of state.  
           Subd. 2.  [STUDY AND RECOMMENDATIONS.] The task force shall 
        study and make recommendations regarding implementation of a 
        system for electronic filing and recording of real estate 
        documents and shall consider:  
           (1) technology and computer needs; 
           (2) legal issues such as authenticity, security, timing and 
        priority of recordings, and the relationship between electronic 
        and paper recording systems; 
           (3) cost-effectiveness of electronic recording systems; 
           (4) timetable and plan for implementing an electronic 
        recording system, considering types of documents and entities 
        using the system and volume of recordings; 
           (5) permissive versus mandatory systems; and 
           (6) other relevant issues identified by the task force.  
           The task force shall submit a report to the legislature by 
        January 15, 2001, outlining a proposed work plan and budget for 
        consideration by the legislature.  The task force expires June 
        30, 2003. 
           Presented to the governor April 11, 2000 
           Signed by the governor April 14, 2000, 2:09 p.m.