ANNUAL STATEMENTS TO MORTGAGORS (EXCERPT)
Act 125 of 1966

565.162 Annual statements to mortgagor; exceptions to furnishing.

Sec. 2.

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

Rendered 8/15/2025 7:20 AM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov