MCL - Section 570.593

COMMERCIAL REAL ESTATE BROKER'S LIEN ACT (EXCERPT)
Act 201 of 2010


570.593 Priority of subsequently recorded mortgage; condition.

Sec. 13.

    A subsequently recorded mortgage has priority over a commercial real estate broker's lien if the mortgagee did not have actual or constructive knowledge of the lien at the time the mortgagee advanced money under the mortgage.


History: 2010, Act 201, Imd. Eff. Oct. 5, 2010