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2006 Michigan Compiled Laws - Act 125 of 1966


ANNUAL STATEMENTS TO MORTGAGORS

Act 125 of 1966

An act to require mortgagees and their agents to furnish annual statements to mortgagors; to require mortgagees, vendors of land contracts, and their agents to make certain adjustments to escrow accounts; and to prescribe certain rights and duties.


History: 1966, Act 125, Eff. Mar. 10, 1967 ;--Am. 1976, Act 112, Imd. Eff. May 14, 1976 ;--Am. 1993, Act 285, Imd. Eff. Dec. 28, 1993




The People of the State of Michigan enact:

DocumentDescription
Section 565.161Annual statements to mortgagor; when required, contents.
Section 565.162Annual statements to mortgagor; exceptions to furnishing.
Section 565.163Failure of mortgagee or agent to pay property taxes; liability for penalties or fees.
Section 565.164Adjustment to escrow account.

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