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Code · Michigan · Chapter 445 — Trade and Commerce

445.1626 Circumstances under which enforcement prohibited.

57 words·~1 min read·/mi/chapter-445/445-1626

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445.1626 Circumstances under which enforcement prohibited.
Sec. 6.
A lender shall not enforce a due-on-sale clause in a residential real property loan in any circumstances under which enforcement is prohibited under section 341(d) of the Garn-St. Germain depository institutions act of 1982, 12 U.S.C. 1701j-3, as currently in force.
History: 1984, Act 351, Eff. Oct. 15, 1985
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