Mich. Comp. Laws § 565.903

Current through Public Act 171 of the 2024 Legislative Session
Section 565.903 - Priority of recorded mortgage amended to become future advance mortgage

Except as otherwise provided by this act, if a recorded mortgage has been or is amended to become a future advance mortgage, it shall have priority with respect to a future advance secured by the mortgage as if the future advance was made at the time the amendment was recorded.

MCL 565.903

1990, Act 348, Eff. 4/1/1991 ;--Am. 1992, Act 35, Eff. 7/1/1992 .