STATUTES

STATE STATUTES & CODES

MICHIGAN STATUTES AND CODES

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
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 inj
Section 445.1629 - Effective date.

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