Minnesota HF 2245: Mortgage and deed of trust temporary exception sunset extended.

Bill Text

1.1 A bill for an act​
1.2 relating to real property; extending sunset of temporary exception for certain filings​
1.3 of mortgages and deeds of trust; amending Laws 2020, chapter 118, section 4.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. Laws 2020, chapter 118, section 4, is amended to read:​
1.6 Sec. 4. FILING OF MORTGAGE OR DEED OF TRUST THROUGH 2020; PUBLIC​
1.7 UTILITY.​
1.8 Notwithstanding Minnesota Statutes, section 507.327, for the public utility subject to​
1.9 Minnesota Statutes, section 116C.7791, the filing of the mortgage or deed of trust executed​
1.10 between May 1, 2020, and December 31, 2020 June 30, 2022, filed in the Office of the​
1.11 Secretary of State under Minnesota Statutes, section 336.02 336B.02, along with, or as part​
1.12 of, the financing statement covering the fixtures, has the same effect, and is notice of the​
1.13 rights and interests of the mortgagee or trustee in easements, other less than fee simple​
1.14 interests in real estate, and fee simple interests in real estate of the public utility to the same​
1.15 extent, as if the mortgage or deed of trust were duly recorded in the office of the county​
1.16 recorder or duly registered in the office of the registrar of titles of the counties in which the​
1.17 real estate is situated. The effectiveness of the filing terminates at the same time as provided​
1.18 in Minnesota Statutes, section 336B.02, subdivision 3, for the termination of the effectiveness​
1.19 of fixture filing. Any filing made in accordance with this section shall also be made with​
1.20 the office of the county recorder, or duly registered in the office of the registrar of titles, of​
1.21 the counties in which the real estate is situated.​
1.22 EFFECTIVE DATE.This section is effective retroactively from December 30, 2020.​
1​Section 1.​
REVISOR RSI/HR 21-02915​02/17/21 ​
139​
Printed​
Page No.​State of Minnesota​
This Document can be made available​
in alternative formats upon request​
HOUSE OF REPRESENTATIVES​
H. F. No. 2245​
NINETY-SECOND SESSION​
Authored by Hollins​03/15/2021​
The bill was read for the first time and referred to the Committee on Climate and Energy Finance and Policy​
By motion, recalled and re-referred to the Committee on Judiciary Finance and Civil Law​
Adoption of Report: Placed on the General Register​03/22/2021​
Read for the Second Time​
Referred to the Chief Clerk for Comparison with S. F. No. 1807​04/21/2021​
Postponed Indefinitely​04/22/2021​