MI Senate Bill 251 | NNA
Law

MI Senate Bill 251

Notary Law Update: MI Senate Bill 251

State: Michigan

Summary:

Senate Bill 251 puts in place a statute of limitations for certain real property transactions involving mortgage fraud, false pretenses, forgery and “uttering or publishing an instrument affecting an interest in real property.”

Signed:  October 20, 2011

Effective:  October 20, 2011

Chapter: Public Act No. 203

Affects:

Amends Michigan Compiled Laws 767.24

Changes:

Provides that an indictment for false pretenses involving real property, mortgage fraud, forgery or uttering and publishing of an instrument affecting an interest in real property, or mortgage fraud may be found and filed within 10 years after the offense was committed or within 10 years after the instrument affecting real property was recorded, whichever occurs later.

Analysis:

Senate Bill 251 is a bill sets the statute of limitations for certain real property transactions involving mortgage fraud, false pretenses, forgery and “uttering or publishing an instrument affecting an interest in real property.” An action may be filed within 10 years after the offense was committed or within 10 years after the real property document at issue was recorded, whichever occurs later. Presumably, the new law could affect any Notary who knowingly notarizes a document affecting real property under false pretenses or is knowingly involved in mortgage fraud.

Read the bill text.

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