Property: other; citations to the motor vehicle sales finance act in 1846 RS 65; revise. Amends sec. 25 of 1846 RS 65 (MCL 565.25). TIE BAR WITH: HB 5354'23

This bill amends Michigan's property recording laws to require that certain legal documents, such as liens and encumbrances, include a full accounting of facts and proof that the landowner was notified before they are considered valid. The changes primarily affect individuals and entities that place claims on real property, mandating that these claims be accompanied by supporting documentation and evidence of service to the property owner. However, the bill creates a significant exemption for a wide range of financial institutions, including banks, credit unions, insurance companies, and various licensed lenders, allowing them to bypass these new notification and documentation requirements. Additionally, the legislation introduces penalties for anyone who records an instrument without lawful cause with the intent to harass or intimidate another person.