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Michigan Compiled Laws Complete Through PA 578 of 2018
House: Adjourned until Tuesday, March 19, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, March 19, 2019 10:00:00 AM

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Act 125 of 1966
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ANNUAL STATEMENTS TO MORTGAGORS

Act 125 of 1966

An act to require mortgagees and their agents to furnish annual statements to mortgagors; to require mortgagees, vendors of land contracts, and their agents to make certain adjustments to escrow accounts; and to prescribe certain rights and duties.


History: 1966, Act 125, Eff. Mar. 10, 1967 ;-- Am. 1976, Act 112, Imd. Eff. May 14, 1976 ;-- Am. 1993, Act 285, Imd. Eff. Dec. 28, 1993


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 565.161SectionAnnual statements to mortgagor; when required, contents.
Section 565.162SectionAnnual statements to mortgagor; exceptions to furnishing.
Section 565.163SectionFailure of mortgagee or agent to pay property taxes; liability for penalties or fees.
Section 565.164SectionAdjustment to escrow account.
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