Loading chat...

MN SF2184

Bill

Status

Passed

4/20/2012

Primary Sponsor

Warren Limmer

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Amends Minnesota Statutes section 508.58 to add procedures for examiner of titles directives related to time share interest foreclosures and contract cancellations.

  • Removes previous language allowing examiners to direct registrars to show cancellation of time share interest contracts and relocates this authority to a new subdivision 3.

  • Establishes new subdivision 4 allowing examiners to issue directives for new certificates of title in foreclosed time share interests limited to not more than seven days annually, subject to county board authorization.

  • Requires applicants for time share foreclosure directives to submit evidence of legal sufficiency, with examiners empowered to determine adequacy and issue new certificates of title or direct applicants to proceed through standard foreclosure procedures.

  • Specifies that examiners' directives must identify which instruments the registrar shall omit from new certificates of title resulting from foreclosures or contract cancellations.

Legislative Description

Registered lands time share interests registration and examiner of titles directives provisions modifications

Last Action

Secretary of State Chapter 178 04/18/12

4/20/2012

Committee Referrals

Judiciary and Public Safety3/1/2012

Full Bill Text

No bill text available