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§ 565.902 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 565 - Conveyances of Real Propertyr.s. of 1846 - Revised Statutes of 1846 (565.1 - 565.49)r-s-1846-565-1-65 -/
  5. Statute Act 348 of 1990/
  6. § 565.902
Michigan Legal Code

§ 565.902

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565.902 Priority of future advance mortgage. Sec. 2. Except as otherwise provided by this act, a future advance mortgage securing a future advance shall have priority with respect to the future advance as if the future advance was made at the time the future advance mortgage was recorded. History: 1990, Act 348, Eff. Apr. 1, 1991 ;-- Am. 1992, Act 35, Eff. July 1, 1992