Michigan Compiled Laws § 570.593 Priority Of Subsequently Recorded Mortgage; Condition.

570.593 Priority of subsequently recorded mortgage; condition.

Sec. 13.

A subsequently recorded mortgage has priority over a commercial real estate broker's lien if the mortgagee did not have actual or constructive knowledge of the lien at the time the mortgagee advanced money under the mortgage.

History: 2010, Act 201, Imd. Eff. Oct. 5, 2010

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Last modified: October 10, 2016