MI SB1188

Allows registers of deeds to accept electronic documents for recording, or tangible notarized copies if they lack electronic equipment capabilities.

Requires registers of deeds to comply substantially with the Uniform Real Property Electronic Recording Act and standards established by the electronic recording commission during the specified period.

Automatically deems all financial institutions and title insurance companies (including their settlement agents) as having verified transactional relationships for purposes of notary verification.

Requires financial institutions to accept documents recorded by a register of deeds under this section.

Provisions apply from April 29, 2020 through June 30, 2021, with immediate effect upon enactment contingent on passage of Senate Bills 1186, 1187, and 1189.