We are pleased to announce the Governor signed Senate Bill 721 into law March 28, 2024, which extends the deadline for compliance with the Marketable Record Title Act notice requirements from March 29, 2024 to September 29, 2025.
Be aware, this does not change the law, but, rather, just extends the deadline by which Subdivisions with documents 40 years old and older must act by recording a statutory notice with your County Register of Deeds by September 29, 2025. Please have your lawyer check your Subdivision Documents without delay to determine your Association’s compliance requirements so they are not extinguished on September 29, 2025. After that date, other Subdivisions which are not 40 years old yet will also need to comply with the statutory notice recording requirements before their documents reach 40 years from the initial date of recording.
For more details, please see our initial article on the change in the law dated September 8, 2022 on our website: https://meisner-law.com/record-marketable-title-act-update/. If you wish to consult with our firm regarding any of these matters, or any other legal issue regarding community association law and operation, please do not hesitate to contact our firm.
