There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - 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.
|
| Document | Description |
| Section 565.901 | Definitions. |
| Section 565.902 | Priority of future advance mortgage. |
| Section 565.903 | Priority of recorded mortgage amended to become future advance mortgage. |
| Section 565.903a | Priority of residential future advance mortgage. |
| Section 565.904 | Priority of future advance mortgage over another interest in property recorded prior to April 1, 1991. |
| Section 565.905 | Applicability of act. |
| Section 565.906 | Effective date. |
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