MN SF249

Affidavits of survivorship must now include the name and address of the person to whom future tax statements should be sent, matching requirements for contracts for deed and other property conveyances.

Certificates of satisfaction are expanded to allow full satisfaction, partial release, or complete release of mortgage liens, and must be executed and acknowledged like a deed with specific content requirements.

The entity executing a mortgage certificate must be identified as the current holder, owner, assignee, or successor of the mortgagee's interest, and for partial releases must include legal descriptions of released property.

Liability provisions clarify that wrongful or erroneous mortgage certificates do not relieve mortgagors of personal liability, and liable parties include both individuals executing certificates and entities on whose behalf they are wrongfully executed.

Technical corrections update terminology from "CECT" to "CICCT" and modify procedures for claiming unregistered interests in registered land under both traditional and Torrens systems.