Beginning October 1, recording fees for titles will be set at a single flat amount of $30, regardless of the number of pages.
The only exception to this flat fee will be if the document assigns or discharges more than one instrument. In that case, there will be a $3 fee for each instrument after the first reference remains.
The Michigan Association of Registers of Deeds and the Michigan Land Title Association in cooperation with Michigan Bankers Association, Credit Unions, the State Bar of Michigan – Real Property Law Section, Michigan Association of Treasurers, Michigan Oil and Gas Association, and State and Federal lien holders worked for over a year to bring the flat fee concept to fruition.
“With new consumer protection regulations instituted in late 2015, it was practical to create a flat fee, thereby eliminating one of the most common reasons for rejecting a document,” stated Register, Ann Manning, “The flat fee should create a more smooth land title closing which only benefits our constituents and our economy,” she continued.
“This was a major collaboration of groups and associations,” stated Manning, “the cooperation and willingness to listen and negotiate was instrumental in attaining the flat fee which will be impactful for our constituents.”
To read the full report from the Gladwin County Record and Clarion, click HERE.