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Code · Michigan · Chapter 565 — Conveyances of Real Property

565.162 Annual statements to mortgagor; exceptions to furnishing.

55 words·~1 min read·/mi/chapter-565/565-162

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565.162 Annual statements to mortgagor; exceptions to furnishing.
Sec. 2.
The annual statement specified in section 1 is not required where the mortgagor is provided with a monthly billing form or mortgagor passbook either of which provides the escrow fund balance and record of expenditures for taxes.
History: 1966, Act 125, Eff. Mar. 10, 1967
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