Michigan § 445.1627 Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type.

Michigan Statutes

§ 445.1627 — Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type.

Michigan § 445.1627

Ch. 445TRADE AND COMMERCE

Act 351 of 1984DUE-ON-SALE CLAUSES (445.1621-445.1629)

This text of Michigan § 445.1627 (Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.1627 (2026).

Text

DUE-ON-SALE CLAUSES (EXCERPT) Act 351 of 1984 445.1627 Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type. Sec.

7.Each contract for the sale or transfer of residential property which is subject to a mortgage shall provide in boldface type substantially as follows: "Seller understands that consummation of the sale or transfer of the property described in this agreement shall not relieve the seller of any liability that seller may have under the mortgage(s) to which the property is subject, unless otherwise agreed to by the lender or required by law or regulation."

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DUE-ON-SALE CLAUSES (EXCERPT) Act 351 of 1984 445.1627 Contract for sale or transfer of residential property subject to mortgage; provisions in boldface type. Sec. 7. Each contract for the sale or transfer of residential property which is subject to a mortgage shall provide in boldface type substantially as follows: "Seller understands that consummation of the sale or transfer of the property described in this agreement shall not relieve the seller of any liability that seller may have under the mortgage(s) to which the property is subject, unless otherwise agreed to by the lender or required by law or regulation."