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MI SB1102

Bill

Official Source

Status

Engrossed

11/29/2018

Primary Sponsor

Rick Jones

Click for details

Origin

Senate

99th Legislature

AI Summary

  • Changes "shall" to "must" in section 3212 regarding notice of foreclosure by advertisement requirements.

  • Adds requirement for street address of the property in foreclosure notice, though errors or omission of street address do not affect notice validity or sale validity.

  • Requires foreclosure notice for residential mortgages to include statement directing homeowners to Michigan State Housing Development Authority (MSHDA) at www.housing.state.mi.us or 517-373-8370 for mortgage payment assistance programs, and references Michigan veterans homeowners assistance program at 877-664-2233.

  • Requires foreclosure notice to include statement that purchaser at foreclosure sale should investigate existing liens on the property by contacting county register of deeds office or title insurance company.

  • Takes effect 90 days after enactment.

Legislative Description

Civil procedure; other; foreclosure by advertisement; require notice of foreclosure to include information to mortgagor. Amends sec. 3212 of 1961 PA 236 (MCL 600.3212).

Civil procedure: other

Last Action

Referred To Committee On Regulatory Reform

11/29/2018

Committee Referrals

Regulatory Reform9/5/2018

Full Bill Text

No bill text available