When does title transfer in the Land Court System?

In the Land Court System in Hawaii, title transfer occurs at the registration of the new title on the Transfer Certificate of Title. This is a critical step because the Land Court provides a system of title registration that offers a higher degree of assurance regarding the ownership rights associated with the property. Unlike in the Regular System, where ownership may be transferred through the delivery of a deed, the Land Court's title registration requires the paperwork to be submitted and accepted by the court for the new title to be officially recognized.

Once the new title is registered, it is reflected on the Transfer Certificate of Title, which serves as a public record of ownership and ensures that the title is free from previous claims. This process protects against potential disputes and fraud, providing security for buyers and lenders. Therefore, understanding the importance of this registration process is crucial for anyone involved in real estate transactions within the Land Court System in Hawaii.