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Code · Michigan · Chapter 565 — Conveyances of Real Property

565.902 Priority of future advance mortgage.

65 words·~1 min read·/mi/chapter-565/565-902

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565.902 Priority of future advance mortgage.
Sec. 2.
Except as otherwise provided by this act, a future advance mortgage securing a future advance shall have priority with respect to the future advance as if the future advance was made at the time the future advance mortgage was recorded.
History: 1990, Act 348, Eff. Apr. 1, 1991 ;-- Am. 1992, Act 35, Eff. July 1, 1992
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