Annual statements to mortgagor; exceptions to furnishing

Michigan Compiled Laws

Section: 565.162

Jurisdiction: MI

Bluebook Citation: Mich. Comp. Laws § 565.162

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.

Chat with this statute using AI

Ask CiteLaw's AI Navigator anything about this statute, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.