Michigan Compiled Laws Act 6 Of 2008 Owner Built Residence Transfer Act (445.881 - 445.891)

AN ACT to regulate certain persons building certain residential structures; to provide for certain disclosures and prescribe certain limitations regarding the transfer of that residential structure; and to provide for remedies and penalties.

History: 2008, Act 6, Eff. Aug. 10, 2008

Section 445.881 Short Title.
This act shall be known and may be cited as the "owner built residence transfer act". History: 2008, Act 6, Eff. Aug. 10, 2008
Section 445.883 Definitions.
As used in this act: (a) "Owner-builder" means an individual who is not a licensed residential builder and who builds, or acts as a...
Section 445.885 Owner-builder Residing In Residential Structure; Duties Upon Completion Of Construction And Issuance Of Occupancy Permit; Sale Or Transfer Of Ownership; Limitation.
(1) An owner-builder intending to live in the residential structure at the onset of construction shall do either of the following upon completion of...
Section 445.887 Owner-builder Notice; Requirements.
(1) An owner-builder who sells the residential structure, within 2 years or less after the date of the issuance of the occupancy permit, shall...
Section 445.889 Failure To Disclose; Liability; Remedies.
(1) An owner-builder who fails to make the disclosures required under this act is liable for the following for up to 24 months after...
Section 445.891 Effective Date.
This act takes effect 180 days after the date it is enacted into law. History: 2008, Act 6, Eff. Aug. 10, 2008

Last modified: October 10, 2016