MCL - Act 348 of 1990
AN ACT to establish the priority of a mortgage that secures an indebtedness or other obligation that arises or is incurred after the mortgage has been recorded.
History: 1990, Act 348, Eff. Apr. 1, 1991
| Document | Type | Description |
|---|---|---|
| Section 565.901 | Section | Definitions. |
| Section 565.902 | Section | Priority of future advance mortgage. |
| Section 565.903 | Section | Priority of recorded mortgage amended to become future advance mortgage. |
| Section 565.903a | Section | Priority of residential future advance mortgage. |
| Section 565.904 | Section | Priority of future advance mortgage over another interest in property recorded prior to April 1, 1991. |
| Section 565.905 | Section | Applicability of act. |
| Section 565.906 | Section | Effective date. |