Chapter 507 — Conveyancing of Real Property

507.01 Conveyance and Purchaser This law defines two key terms used throughout Chapter 507. A 'conveyance' means any written document that creates, … 507.02 Conveyances by Spouses; Powers of Attorney If you are married and want to sell or transfer your homestead (the home you live in), both spouses must sign the deed. … 507.021 Conveyances Recorded 15 Years Validated Deeds or conveyances that were recorded at least 15 years ago are considered valid, even if there were technical defects … 507.03 Purchase-money Mortgage; Nonjoinder of Spouse When a married person buys property and takes out a mortgage to pay for it (a 'purchase-money mortgage'), the other … 507.04 Conveyance of Protected Person's Real Property If a person is under a court-appointed conservatorship, their real property generally cannot be sold or transferred … 507.05 Conveyance by Corporation; Resolution Appointing Attorney A corporation can transfer real estate by having an authorized officer sign the deed. The corporation can also pass a … 507.06 Quitclaim Deed Passes All Estate of Grantor A quitclaim deed transfers all of the ownership interest that the person signing it has in the property. It passes the … 507.061 Words of Inheritance Not Needed You do not need to use the words 'and his heirs' or similar inheritance language to transfer full ownership of property. … 507.07 Warranty and Quitclaim Deeds This law provides the standard forms for the two main types of deeds in Minnesota. A warranty deed guarantees the seller … 507.071 Transfer on Death Deeds A transfer on death deed (TODD) lets a property owner name someone to receive their property when they die, without … 507.072 Property Insurance for Grantee Beneficiaries of Transfer on Death Deeds When a property owner with a transfer on death deed dies, the insurance company must provide information to the grantee … 507.08 This section has been repealed or relocated. 507.09 Forms Approved; Amendments The commissioner of commerce approves standard forms for real estate documents in Minnesota, and can amend them as … 507.091 Conveyance to Include Name and Address of Drafter Any document that transfers or affects real estate must include the name and address of the person (or company) who … 507.092 Conveyance to Include Name and Address of Person to Receive Tax Statements Deeds, contracts for deed, and survivorship affidavits must include the name and address of the person who should … 507.093 Standards for Documents to Be Recorded or Filed Documents submitted for recording must meet certain formatting standards, including minimum margins, paper size, font … 507.094 This section has been repealed or relocated. 507.0941 Definitions This section defines key terms for the Uniform Real Property Electronic Recording Act, including 'document,' … 507.0942 Uniformity of Application and Construction The Uniform Real Property Electronic Recording Act should be applied consistently with similar laws in other states and … 507.0943 Validity and Time of Recording of Electronic Documents Electronic documents that meet the requirements for recording have the same legal validity as paper documents. The … 507.0944 Recording of Documents County recorders may accept electronic documents for recording and must follow the standards set by the Electronic Real … 507.0945 Administration The Electronic Real Property Recording Commission oversees the implementation of electronic recording and sets standards … 507.0946 Standards The Electronic Real Property Recording Commission sets standards for the format, security, and submission of electronic … 507.0947 Relation to Electronic Signatures in Global and National Commerce Act This section describes the relationship between Minnesota's electronic recording law and the federal Electronic … 507.0948 Donations; Reimbursement The Electronic Real Property Recording Commission can accept donations and seek reimbursement to fund its operations and … 507.0949 Title Sections 507.0941 to 507.0949 may be cited as the Uniform Real Property Electronic Recording Act. 507.10 Certified Copies of Forms to Be Preserved The commissioner of commerce must keep certified copies of all approved standard real estate forms, and these copies … 507.11 This section has been repealed or relocated. 507.12 This section has been repealed or relocated. 507.13 Standard Forms Established This section establishes certain standard forms for deeds and other real estate conveyance documents that are legally … 507.14 Minnesota Uniform Conveyancing Blanks The 'Minnesota Uniform Conveyancing Blanks' are the standard forms for deeds, mortgages, and other real estate … 507.15 Uniform Short Form Mortgage; Equivalent Language This section provides a short form mortgage with specific covenants that have defined legal meanings. Using the approved … 507.16 No Covenants of Title Implied Unless the deed specifically includes warranty language, no promises about the quality of title are implied just because … 507.161 Conveyance by Disseisee A person who was wrongfully removed from their property (disseised) can still sell or transfer the property even while … 507.17 Conveyance Includes Abutting Vacated Public Right-of-way When you sell property that borders a public road or right-of-way that has been vacated (closed), your deed … 507.18 Prohibited Restrictions Deed restrictions that discriminate based on race, color, creed, or national origin are void and unenforceable in … 507.19 Conveyance by Tenant for Life or Years; No Forfeiture If a person with a life estate or a lease for a term of years sells or transfers the property, they do not automatically … 507.20 Grantor to Make Known Encumbrance When you sell property, you must tell the buyer about any liens, mortgages, or other encumbrances (claims against the … 507.21 Liability of Grantor Who Covenants Against Encumbrances If a deed includes a covenant against encumbrances and there is an outstanding mortgage or other lien, the grantor is … 507.22 This section has been repealed or relocated. 507.23 Incomplete Conveyance, How Proven If a deed was not properly executed, acknowledged, or delivered, it can still be proven valid through other evidence … 507.235 Filing Contracts for Deed All contracts for deed must be recorded at the county recorder's office within four months. For residential contracts … 507.236 Transfer Statement for Contract for Deed When a contract for deed is signed, the seller must file a transfer statement with the county within certain time frames … 507.24 Recordable, When To be recorded at the county recorder's office, a deed or other real estate document must be legible, properly signed … 507.25 Certified Copy of Record May Be Recorded A certified copy of a recorded real estate document can itself be recorded in another county. This is useful when … 507.251 Constructive Notice, When Not Affected A document that is properly recorded still provides constructive notice even if there are minor defects in how it was … 507.26 Judgments Judgments that affect title to real property can be recorded in the county where the property is located, giving public … 507.27 Copy of Will and Order Admitting to Probate A certified copy of a will and the court order admitting it to probate can be recorded in the county where the property … 507.28 Deeds of Pews Deeds for church pews are treated like any other deed of real property and can be recorded in the county recorder's … 507.29 Affidavits as Evidence Properly signed and filed affidavits about real property facts can be used as evidence. This includes affidavits about … 507.291 This section has been repealed or relocated. 507.292 This section has been repealed or relocated. 507.293 This section has been repealed or relocated. 507.294 This section has been repealed or relocated. 507.30 This section has been repealed or relocated. 507.31 Railroad Lands Special rules apply to the recording of deeds for railroad lands that were originally granted by the federal or state … 507.32 Record, When Notice to Parties; Assignment of Mortgage Recording a real estate document gives constructive notice (legal notice) to everyone from the date of recording. An … 507.325 Mortgage Securing Revolving Line of Credit; Notice A mortgage that secures a revolving line of credit (like a home equity line) must include a notice to the borrower … 507.327 Mortgages, Deeds of Trust and Other Instruments of Public Utilities; Filing and Recording Mortgages and deeds of trust of public utilities can be filed with the Secretary of State rather than recording them in … 507.328 Mortgages and Deeds of Trust of Pipeline Companies; Filing and Recording Pipeline companies can file their mortgages and deeds of trust with the Secretary of State rather than recording them in … 507.33 Certain Recitals Not to Constitute Notice of Mortgage Recitals in a recorded deed about conditions, limitations, or restrictions that are not separately recorded do not give … 507.331 Certain Recitals Disregarded If a recorded deed mentions a mortgage that is not separately recorded, that mention alone does not serve as legal … 507.332 Whether Recorded Recital of Unrecorded Mortgage is Notice When a recorded document references an unrecorded mortgage, the reference does not by itself constitute constructive … 507.34 Unrecorded Conveyances Void in Certain Cases Every deed must be recorded at the county recorder's office. If you do not record your deed, it will not protect you … 507.35 When Deed to Trustee Ineffective; Cure A deed to a trustee that does not identify the trust beneficiaries by name or describe the trust is still effective to … 507.36 Instruments Relating to Timber, Minerals Instruments that create or transfer interests in timber or minerals must be recorded in the county where the land is … 507.37 This section has been repealed or relocated. 507.38 When Deed Not Defeated by Defeasance A deed that appears absolute on its face cannot be defeated by an unrecorded side agreement (called a defeasance) unless … 507.39 This section has been repealed or relocated. 507.40 Mortgages, How Discharged A mortgage is discharged (released) when the mortgage holder files a certificate of satisfaction with the county … 507.401 Title Insurance Company; Mortgage Release Certificate A title insurance company can issue a mortgage release certificate to discharge a mortgage when the mortgage holder … 507.402 Discharge of Mortgage From Contract for Deed Seller When a contract for deed seller has a mortgage on the property, and that mortgage is paid off, the mortgage holder must … 507.403 Certificate of Satisfaction; Release or Partial Release of Mortgage by Assignee An assignee of a mortgage (someone who bought the mortgage from the original lender) can issue a certificate of … 507.41 Penalty for Failure to Discharge If a mortgage holder fails to discharge a fully paid mortgage within 60 days of receiving a written request, they are … 507.411 Corporate Change Noted in Assignment, Satisfaction, or Release When a corporation that holds a mortgage changes its name, merges, or reorganizes, the new entity can note the corporate … 507.412 Satisfaction or Release by Fewer Than All Mortgagees When a mortgage is held by more than one person, fewer than all of them can execute a satisfaction or release if the … 507.413 Authority of Mortgagee Designated as Nominee or Agent When a mortgage names the mortgagee as a nominee or agent for the actual lender, the nominee or agent has authority to … 507.42 Certain Deeds Validated Certain deeds that had technical defects when they were executed are validated and treated as legally effective. This … 507.421 Estates and Trusts; Conveyances, Satisfactions, Grants, and Releases Personal representatives of estates and trustees can execute conveyances, satisfactions, grants, and releases of real … 507.422 Certain County Conveyances Validated Certain real estate conveyances made by counties before specific dates are validated and deemed legally effective, even … 507.45 Residential Real Estate Closings This section regulates residential real estate closings in Minnesota. It requires that certain disclosures be made to … 507.46 Certificate of Translation of Documents in Foreign Languages When a real estate document is in a foreign language, it can be recorded if accompanied by a certificate of translation … 507.47 Creation of Servitudes by Common Owner A common owner of two or more parcels of land can create easements, covenants, and other servitudes that benefit one … 507.48 Bona Fide Purchasers Protected A person who buys real property in good faith and for value, without knowledge of competing claims, is protected as a … 507.49 Certificate of Custodianship A certificate of custodianship can be recorded in the real property records to show that a custodian has been appointed … 507.50 Affidavit of Custodian in Real Property Transactions A custodian involved in real property transactions can file an affidavit with the county recorder stating the facts of …