MCL - Act 201 of 2010


Act 201 of 2010

AN ACT to create a lien against real property for unpaid commercial real estate broker's commissions and services; and to provide remedies.

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

The People of the State of Michigan enact:
Document Type Description
Section 570.581 Section Short title.
Section 570.582 Section Definitions.
Section 570.583 Section Commercial real estate broker's lien; availability.
Section 570.584 Section Lien; attachment; conditions; recording; time of filing; contents of claim; form; mailing; claim of lien as void and unenforceable; priority of prior-recorded lien or mortgage; "lease" defined.
Section 570.585 Section Escrow account; establishment to satisfy lien; release.
Section 570.586 Section Action to enforce lien; complaint.
Section 570.587 Section Commencement of action; time period.
Section 570.588 Section Sale of interest in commercial real estate; court order; order of foreclosure; period of redemption; order of deficiency judgment; costs.
Section 570.589 Section Written demand on behalf of owner of commercial real estate; service.
Section 570.590 Section Condition prohibiting compensation; release of lien.
Section 570.591 Section Payment of claim or failure to commence action; release of lien.
Section 570.592 Section Partial payment of lien claim; partial satisfaction and release of lien; form.
Section 570.593 Section Priority of subsequently recorded mortgage; condition.
Section 570.594 Section Written commission agreement signed after effective date of act; applicability.