Mich. Comp. Laws § 445.1626a

Current through Public Act 57 of the 2024 Legislative Session
Section 445.1626a - Consent to sale or transfer of real property subject to residential window period loan containing due-on-sale clause

Nothing in this act shall be construed to prohibit a lender, either before or after making a determination of the creditworthiness of a proposed buyer or transferee, from consenting in writing to a sale or transfer of real property that is subject to a residential window period loan containing a due-on-sale clause.

MCL 445.1626a

Add. 1985, Act 136, Imd. Eff. 10/15/1985 .