Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 67 of 2012 - Nonrecourse Mortgage Loan Act (445.1591 - 445.1595)

Section 445.1591 - Short Title. - Sec. 1. This act shall be known and may be...

Section 445.1592 - Definitions. - Sec. 2. As used in this act: (a) "Nonrecourse carveout"...

Section 445.1593 - Post Closing Solvency Covenant; Prohibited Use. - Sec. 3. (1) A post closing solvency covenant shall not...

Section 445.1594 - Loan Documents Not Containing Nonrecourse Loan Provisions; Use. - Sec. 4. This act does not prohibit a loan secured...

Section 445.1595 - Enforcement and Interpretation of Existing Nonrecourse Loan Documents. - Sec. 5. This act applies to the enforcement and interpretation...