Michigan § 565.163 Failure of mortgagee or agent to pay property taxes; liability for penalties or fees.

Michigan Statutes

§ 565.163 — Failure of mortgagee or agent to pay property taxes; liability for penalties or fees.

Michigan § 565.163

Ch. 565CONVEYANCES OF REAL PROPERTY

Act 125 of 1966ANNUAL STATEMENTS TO MORTGAGORS (565.161-565.164)

This text of Michigan § 565.163 (Failure of mortgagee or agent to pay property taxes; liability for penalties or fees.) 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 § 565.163 (2026).

Text

ANNUAL STATEMENTS TO MORTGAGORS (EXCERPT) Act 125 of 1966 565.163 Failure of mortgagee or agent to pay property taxes; liability for penalties or fees. Sec.

3.If, pursuant to an agreement, a mortgagor has paid sufficient funds into an escrow account for the purpose of paying taxes on mortgaged real property, and if the mortgagee or his agent has not paid those property taxes, then the person to whom the mortgagor paid the funds shall be liable to the mortgagor for any penalties or fees incurred by the mortgagor as a result of that failure to pay taxes.

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ANNUAL STATEMENTS TO MORTGAGORS (EXCERPT) Act 125 of 1966 565.163 Failure of mortgagee or agent to pay property taxes; liability for penalties or fees. Sec. 3. If, pursuant to an agreement, a mortgagor has paid sufficient funds into an escrow account for the purpose of paying taxes on mortgaged real property, and if the mortgagee or his agent has not paid those property taxes, then the person to whom the mortgagor paid the funds shall be liable to the mortgagor for any penalties or fees incurred by the mortgagor as a result of that failure to pay taxes.