There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 565 - CONVEYANCES OF REAL PROPERTY
Act 125 of 1966 - ANNUAL STATEMENTS TO MORTGAGORS (565.161 - 565.164)
Section 565.162 - Annual statements to mortgagor; exceptions to furnishing.
ANNUAL STATEMENTS TO MORTGAGORS (EXCERPT)Act 125 of 1966
565.162 Annual statements to mortgagor; exceptions to furnishing.
Sec. 2.
The annual statement specified in section 1 is not required where the mortgagor is provided with a monthly billing form or mortgagor passbook either of which provides the escrow fund balance and record of expenditures for taxes.
History: 1966, Act 125, Eff. Mar. 10, 1967
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