Michigan Statutes
§ 554.907 — Definitions; M to O.
Michigan § 554.907
JurisdictionMichigan
Ch. 554REAL AND PERSONAL PROPERTY
Act 448 of 2014CONTINUING CARE COMMUNITY DISCLOSURE ACT (554.901-554.993)
This text of Michigan § 554.907 (Definitions; M to O.) 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 § 554.907 (2026).
Text
CONTINUING CARE COMMUNITY DISCLOSURE ACT (EXCERPT) Act 448 of 2014 554.907 Definitions; M to O. Sec. 7. As used in this act:
(a)"Member" means an individual who enters into a continuing care agreement with a continuing care community.
(b)"Monthly service fee" means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.
(c)"Nonrefundable portion of the entrance fee" means the amortized component of an entrance fee and any other component of an entrance fee that is not refundable upon termination of the member under the terms and conditions of a continuing care agreement.
(d)"Offer of a continuing care agreement" includes an attempt to offer to sell, or a solicitation of an offer to enter into, a continuing care agreement.
(e)"Order" means
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Legislative History
2014, Act 448 , Eff. Apr. 2, 2015
Nearby Sections
15
§ 554.1011
Short title.§ 554.1012
Definitions.§ 554.1014
Applicability of act; scope; limitation.§ 554.1016
Appointment of receiver; circumstances; appointment without prior notice or hearing; security.§ 554.1018
Bond; alternative security.§ 554.1019
Status of receiver as lien creditor.§ 554.1022
Powers and duties of receiver.§ 554.1023
Duties of owner.§ 554.1024
Stay or injunction.Cite This Page — Counsel Stack
Bluebook (online)
Michigan § 554.907, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/554/554.907.