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Code · Michigan · Chapter 570 — Liens

570.593 Priority of subsequently recorded mortgage; condition.

55 words·~1 min read·/mi/chapter-570/570-593

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570.593 Priority of subsequently recorded mortgage; condition.
Sec. 13.
A subsequently recorded mortgage has priority over a commercial real estate broker's lien if the mortgagee did not have actual or constructive knowledge of the lien at the time the mortgagee advanced money under the mortgage.
History: 2010, Act 201 , Imd. Eff. Oct. 5, 2010
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