Michigan Laws 565.845a – Acceptance of electronic documents for recording; applicability of section
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Terms Used In Michigan Laws 565.845a
- Commission: means the electronic recording commission created in section 5. See Michigan Laws 565.842
- Document: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form, and that is eligible to be recorded in the land records maintained by the county register of deeds. See Michigan Laws 565.842
- Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Michigan Laws 565.842
- Electronic document: means a document that is received by the county register of deeds in an electronic form. See Michigan Laws 565.842
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) During the time that this section applies, a register of deeds shall accept electronic documents for recording. If a register of deeds does not have the equipment to accept an electronic document, the register of deeds shall accept for recording a tangible copy of an electronic document properly notarized under the Michigan law on notarial acts, 2003 PA 238, MCL 55.261 to 55.315.
(2) During the time that this section applies, a register of deeds need only act in substantial compliance with this act and any standards established by the electronic recording commission.
(3) During the time that this section applies, a register of deeds shall deem all financial institutions and all title insurance companies or their employed or contracted settlement agents as covered by an agreement establishing a verified transactional relationship for purposes of section 4(4). The register of deeds may ask the financial institution or title insurance company for verification of a notary’s employment or contractual association.
(4) A financial institution shall accept a document or electronic document recorded by a register of deeds under this section.
(5) This section applies after April 29, 2020 and before July 1, 2021.