Michigan Compiled Laws § 445.1626a Consent To Sale Or Transfer Of Real Property Subject To Residential Window Period Loan Containing Due-on-sale Clause.


445.1626a Consent to sale or transfer of real property subject to residential window period loan containing due-on-sale clause.

Sec. 6a.

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.


History: Add. 1985, Act 136, Imd. Eff. Oct. 15, 1985


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Last modified: October 10, 2016