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MI HB4800
Bill
Status
6/23/2022
Primary Sponsor
Kyra Bolden
Click for details
AI Summary
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Clarifies that an action for appointment of a receiver is not considered an action to recover debt under Michigan's "one-action" rule for mortgage foreclosure by advertisement.
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Clarifies that an action under the Michigan Uniform Assignment of Rents Act to enforce an assignment of rents is not considered an action to recover debt under the "one-action" rule.
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Allows parties to pursue receiver appointments or enforce rent assignments without triggering restrictions on subsequent mortgage foreclosure by advertisement.
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Takes effect 90 days after enactment (September 22, 2022), conditional upon House Bill 4799 also being enacted into law.
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Applies to the conditions under MCL 600.3204 governing when a party may foreclose a mortgage by advertisement.
Legislative Description
Civil procedure: other; action regarding assignment of rents; clarify that action does not constitute an action under the "one-action" rule. Amends sec. 3204 of 1961 PA 236 (MCL 600.3204). TIE BAR WITH: HB 4799'21
Liens: other
Last Action
Assigned Pa 116'22 With Immediate Effect
6/23/2022