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2020 Michigan Compiled Laws
Chapter 565 - Conveyances of Real Property
Act 348 of 1990 Priority of Mortgages (565.901 - 565.906)
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
- 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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