ANNUAL STATEMENTS TO MORTGAGORS (EXCERPT)
Act 125 of 1966
565.162 Annual statements to mortgagor; exceptions to furnishing.
The annual statement specified in section 1 is not required where the mortgagor is provided with a monthly billing form or mortgagor passbook either of which provides the escrow fund balance and record of expenditures for taxes.
History: 1966, Act 125, Eff. Mar. 10, 1967
© 2009 Legislative Council, State of Michigan