MI HB5367

Requires instruments transferring single-family residential dwellings to state the total fair market value on the document or attach an affidavit declaring the value

Mandates that such transfer documents either include documentary stamps required under a new "SFR tax and economics act" or state why the transfer is exempt from the "bulk-buyer transfer surtax"

Registers of deeds cannot accept single-family residential dwelling transfer documents that fail to meet these new requirements

Makes minor technical update changing "his or her" to "that person's" in existing language about signature discrepancies

Takes effect only if the companion bill (SB ____ or HB 5365) establishing the "SFR tax and economics act" is enacted into law