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MICHIGAN STATUTES AND CODES
Section 565.902 - Priority of future advance mortgage.
PRIORITY OF MORTGAGES (EXCERPT)
Act 348 of 1990
565.902 Priority of future advance mortgage.
Act 348 of 1990
565.902 Priority of future advance mortgage.
Sec. 2.
Except as otherwise provided by this act, a future advance mortgage securing a future advance shall have priority with respect to the future advance as if the future advance was made at the time the future advance mortgage was recorded.
History: 1990, Act 348, Eff. Apr. 1, 1991 ;-- Am. 1992, Act 35, Eff. July 1, 1992
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