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MI HB6161
Bill
Status
11/26/2024
Primary Sponsor
Amos O'Neal
Click for details
AI Summary
HB 6161 Summary
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Modifies foreclosure deed execution requirements by replacing "officer or" with "person" and changing "forthwith" to "promptly" for deed delivery to purchasers.
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Requires separate deeds for property located in multiple counties, with each deed specifying the precise sale amount for that parcel.
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Restructures Section 3232 into subsections (1)-(6) clarifying deed recording procedures with the register of deeds, including endorsement of receipt time and regular indexing within 20 days of sale.
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Adds new subsection (5) stating that if a deed is not recorded within 20 days after sale, the sale remains valid but the redemption period begins on the date the deed is actually recorded.
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Adds new subsection (17) to Section 3240 establishing that if a purchaser's deed is recorded more than 20 days after the sale date, the redemption period under subsections (7)-(12) begins on the deed recording date rather than the sale date.
Legislative Description
Civil procedure: foreclosure; recording of deed; modify. Amends secs. 3232 & 3240 of 1961 PA 236 (MCL 600.3232 & 600.324).
Civil procedure: foreclosure
Last Action
Bill Electronically Reproduced 12/03/2024
12/3/2024