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HI HB2044
Bill
Status
1/21/2014
Primary Sponsor
Angus McKelvey
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AI Summary
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Extends the sunset date for voluntary deregistration of fee non-time share interests from December 31, 2014, to December 31, 2016, allowing continued work by an ad hoc working group on implementation models.
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Clarifies that upon cancellation of a fee time share interest certificate of title, the registrar may file a cancellation record in the application or consolidation file and the state surveyor may annotate land court maps with the deregistered land identification and bureau of conveyances document number.
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Authorizes the state surveyor to annotate land court maps to identify deregistered land and note the corresponding bureau of conveyances document number of the canceled certificate of title.
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Maintains the mandatory and permanent deregistration of time share interests established under Act 119 (2013), while extending the timeline for voluntary deregistration of other fee interests.
Legislative Description
Deregistration; Bureau of Conveyances; Fee Non-time Share Interests; Fee Time Share Interests
Last Action
The committee(s) on CPC recommend(s) that the measure be deferred.
2/24/2014