MCL - Index of Act 351 of 1984

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
Act 351 of 1984 DUE-ON-SALE CLAUSES (445.1621 - 445.1629)
Section 445.1621 Definitions.
Section 445.1622 Enforcement of due-on-sale clause generally.
Section 445.1623 Procedure before sale or transfer of property securing residential window period loan containing due-on-sale clause; fees; grounds for enforcement of due-on-sale clause; failure to follow procedure.
Section 445.1624 Amendment of loan contract; rate of interest; monthly payments of principal and interest; execution, delivery, and effective date of amendment; lien priority; extending term of loan.
Section 445.1625 Limitations on enforcement of due-on-sale clause during term of land contracts or second mortgages.
Section 445.1626 Circumstances under which enforcement prohibited.
Section 445.1626a Consent to sale or transfer of real property subject to residential window period loan containing due-on-sale clause.
Section 445.1627 Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type.
Section 445.1628 Violation by lender; liability; action to recover civil fine; prohibited conduct by licensee; liability for civil fine; revocation of license; action for declaratory judgment or injunction; action for actual damages and attorneys' fees.
Section 445.1629 Effective date.