MI SB0725

Requires county treasurers to notify property owners of available payment plans in delinquent tax notices sent before June 1 and September 1, along with information that payment plans may help avoid foreclosure and property sale.

Mandates notices include a schedule showing all additional interest, penalties, and fees that will accrue through the following March 1 if no payment is made toward delinquent taxes.

Adds warning statements to notices informing property owners that payments submitted to local tax collecting units rather than the county treasurer cannot be applied to delinquent amounts and will not prevent foreclosure.

Requires notices to include contact information in bold 12-point font or larger providing assistance to prevent foreclosure and property sale.

Changes statutory language from "shall" to "will" and "must" throughout sections 78b, 78c, and 78f regarding tax foreclosure procedures.

Bill becomes effective only if Senate Bill No. 726 is enacted into law.