- Section 125.1421 - Michigan state housing development authority; creation; composition; appointment, qualifications, and terms of members; vacancy; expenses; certificate of appointment or reappointment; designated resident members; powers vested in members; quorum; actions of authority; findings of fact; meetings; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties; relationship to department of consumer and industry services; "section 8" defined
- Section 125.1422 - Powers of authority
- Section 125.1422a - Rehabilitation of residential real or rental property; loans, grants, or deferred payment loans to persons and families of low and moderate income; loans to persons in areas of chronic economic stress and to persons located elsewhere in state; powers of authority; participation or cooperation with governing bodies, private organizations, or public organizations; plan; selection of neighborhoods
- Section 125.1422b - Designation of authority as housing credit agency; purpose; amount of housing credit ceiling; qualification of applicant; allocation plan; distribution; setting aside allocable amounts; reapportionment of unallocated credit amounts; applications for low income housing tax credit; fees; "rural housing projects" defined
- Section 125.1422c - Subsidiary nonprofit housing corporation
- Section 125.1422d - Investments
- Section 125.1423 - Housing development fund; creation; payments into fund
- Section 125.1424 - Housing development fund; advances; grants; transfer of moneys
- Section 125.1424a - Land acquisition and development fund; creation; payment of moneys into fund
- Section 125.1424b - Land acquisition and development fund; use of moneys; acquisition and exchange of real property; improvements to real property; costs; conveyance of real property
- Section 125.1424c - Transfer of moneys to housing development fund or rehabilitation fund
- Section 125.1424d - Rehabilitation fund; creation; jurisdiction; payments
- Section 125.1424e - Rehabilitation fund; use of moneys; allocations or pledges to holders of bonds
- Section 125.1424f - Recapture tax fund; creation; establishment; payment; use
- Section 125.1424g - [Repealed]
- Section 125.1425 - Bonds and notes; issuance; purposes; issuing renewal notes, bonds to pay notes and refunding bonds; notes or bonds as general obligations and negotiable instruments; revised municipal finance act inapplicable; issuance subject to agency financing reporting act
- Section 125.1426 - Bonds and notes; authorization; terms
- Section 125.1427 - Notes or bonds; resolution authorizing issuance; contents
- Section 125.1428 - Notes and bonds; validity and effect of pledge
- Section 125.1429 - Notes and bonds; personal liability of members of authority
- Section 125.1430 - Notes and bonds; purchase for cancellation; price
- Section 125.1431 - Notes and bonds; liability of state
- Section 125.1432 - Capital reserve fund; definitions; federal housing subsidy programs; recommendations; priority; program of loans for mobile homes; program of loans for consumer housing cooperatives; notice of public hearing or proposed rule change; rules; identification of housing production goals; report to governor and committees; confidentiality
- Section 125.1432a - Issuance of bonds to finance single family homes; previous ownership interest; publicizing program; report to legislature; section inapplicable to refinancing single family homes
- Section 125.1432b - Mortgage credit certificate program; authority designated as administrator; guidelines; qualifying for receipt of mortgage credit certificate; adaptation of property for use by disabled individuals; family income limits; applicability of internal revenue code; exception; retroactive effect of changes in subsections (3) and (4)
- Section 125.1432c - [Repealed]
- Section 125.1432d - Legislative intent
- Section 125.1433 - General reserve fund; creation; payments into fund; use of fund
- Section 125.1434 - Notes and bonds; pledge and agreement of state
- Section 125.1435 - Trustee; default; powers and duties
- Section 125.1436 - Trustee; additional powers
- Section 125.1437 - Venue
- Section 125.1438 - Notes and bonds; notice; declaration, due and payable
- Section 125.1439 - Money of authority; deposit; security for deposits; contracts with holders of notes or bonds; security for money held in trust; system of accounts; spending for operating purposes; periodic audits; copies
- Section 125.1440 - Notes and bonds; legal investment
- Section 125.1441 - Faith and credit bonds
- Section 125.1442 - Property of authority; exempt from taxation
- Section 125.1443 - Notes and bonds; exemption from taxation
- Section 125.1443a - Authorization of covenant and consent
- Section 125.1444 - Loans; purposes; conditions; amount; eligibility; sales and resales; long-term financing or refinancing; securing and repaying loans; interest rate; misrepresentation of income; loans for newly rehabilitated, newly constructed, or existing 1- to 4-unit housing units; definitions
- Section 125.1444a - Rehabilitation loans, grants, or deferred payment loans; eligibility; secured or unsecured loans or grants; insurance; reserve; interest; terms and conditions; rules; persons and families of low and moderate income; maximum principal loan amounts; minimum age of structure
- Section 125.1444b - Loans to mortgage lenders; authorized purchases and commitments; requirements and conditions; report
- Section 125.1444c - Use of proceeds of notes or bonds; qualification as rehabilitation; establishment of higher income limits; eligibility for occupancy; application; issuance of 6-month commitment to loan funds; limitation on outstanding loan commitments; fees; direct or indirect loan; sale, refinancing, or resyndication; allowable distributions; report to authority; authority-aided mortgage; monitoring compliance; remedies; regulation; liability; priority consideration; unified volume cap not as impairment; student housing project
- Section 125.1444d - Authorized loans; purpose; criteria
- Section 125.1444e - Income eligibility standards applicable to tenant of housing project
- Section 125.1444f - Loan for housing project in effectively treatable area; demonstration of community support; return on investment
- Section 125.1444g - Enforcement of promises or commitments; action to be brought against authority
- Section 125.1445 - Preference to displaced persons
- Section 125.1446 - Discrimination
- Section 125.1447 - Obtaining money, property, or service with intent to defraud or cheat; penalty; determination of total value; prior convictions; prohibited use
- Section 125.1448 - Foreclosure procedures applicable to authority
- Section 125.1448a - Jurisdiction to foreclose mortgages and land contracts held by authority
- Section 125.1448b - Other civil actions
- Section 125.1448c - Bringing amount due into court before judgment of sale; dismissal of complaint
- Section 125.1448d - Sale of premises pursuant to circuit court order
- Section 125.1448e - Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default
- Section 125.1448f - Public sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091
- Section 125.1448g - Deed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises
- Section 125.1448h - Sale proceeds; application to discharge of debt; surplus; interest
- Section 125.1448i - Redemption of premises; effect on deed of sale; affidavit
- Section 125.1448j - Adding property tax and insurance premium payments made after foreclosure to amount due in judgment; determination of additional liability; affidavits; receipt; redemption
- Section 125.1448k - Personal liability on land contract or for mortgage debt; original judgment; deficiency; delivery of premises to purchaser; order
- Section 125.1448l - Forfeiture, foreclosure, or specific performance proceedings; minimum price
- Section 125.1448m - Land contract or mortgage debt secured by evidence of debt of person other than vendee or mortgagor; party; court order
- Section 125.1448n - Sale of premises; default subsequent to judgment
- Section 125.1448o - Action to discharge mortgage or land contract; judgment entered by court; contents; minutes; delivery of judgment to authority; recordation of judgment
- Section 125.1448p - Equitable actions
- Section 125.1449 - Foreclosure by advertisement
- Section 125.1449a - Right of authority to give notice and make foreclosure; conditions; mortgage securing payment of money by installments; installment as separate and independent mortgage; foreclosure and redemption
- Section 125.1449b - Notice of sale; publication; posting copy of notice upon premises
- Section 125.1449c - Notice of sale; contents
- Section 125.1449d - Sale of premises at public sale; hours; location; appointed person; highest bidder
- Section 125.1449e - Adjournment of sale; request; notice; oral announcement unnecessary
- Section 125.1449f - Sale of distinct farms, tracts, or lots separately or together
- Section 125.1449g - Purchase of premises by authority or its successor or assign permitted
- Section 125.1449h - Deed; execution, acknowledgment, and delivery by officer or person making sale; separate deeds where lands situated in several counties; endorsement, recordation, and indexation of deed by register of deeds; redemption
- Section 125.1449i - Deed; right, title, and interest vested in grantee; record of deed valid without re-recordation; effect of sale on valid subsisting lien created before mortgage lien took effect
- Section 125.1449j - Redemption of premises; payment of taxes or insurance premiums; redemption period; fees or charges
- Section 125.1449k - Abandonment of premises; presumption
- Section 125.1449l - Payment of entire sum bid at sale, interest, and fee, or delivery of certificate of payment to register; destruction of deed; memoranda
- Section 125.1449m - Refusal to make and acknowledge certificate of payment; liability; damages; civil action
- Section 125.1449n - Disposition of surplus money remaining after sale of real estate
- Section 125.1449o - Perpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references
- Section 125.1449p - Taking and certifying affidavits
- Section 125.1449q - Recording affidavits; presumptive evidence of facts
- Section 125.1449r - Note recording evidence of sale to be made in margin of mortgage record
- Section 125.1449s - Notice of payment to purchaser, agent, or attorney
- Section 125.1449t - Right to enter mortgaged premises to post or serve notices
- Section 125.1449u - Action to recover deficiency judgment against mortgagor; defense; applicability of section
- Section 125.1449v - Foreclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section