Mich. Comp. Laws § 445.1622

Current through Public Act 156 of the 2024 Legislative Session

Section 445.1622 - Enforcement of due-on-sale clause generally

Except for a residential window period loan, a lender may enforce a due-on-sale clause in a real property loan in accordance with the terms of the loan contract. A lender shall enforce a due-on-sale clause in a residential window period loan only in accordance with sections 3 to 5.

MCL 445.1622

1984, Act 351, Eff. 10/15/1985 ;--Am. 1985, Act 136, Imd. Eff. 10/15/1985 .