Michigan Statutes

§ 565.902 — Priority of future advance mortgage.

Michigan § 565.902

JurisdictionMichigan

Ch. 565CONVEYANCES OF REAL PROPERTY

Act 348 of 1990PRIORITY OF MORTGAGES (565.901-565.906)

This text of Michigan § 565.902 (Priority of future advance mortgage.) 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 § 565.902 (2026).

Text

PRIORITY OF MORTGAGES (EXCERPT) Act 348 of 1990 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.

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Legislative History

1990, Act 348, Eff. Apr. 1, 1991 ;-- Am. 1992, Act 35, Eff. July 1, 1992

Nearby Sections

15

§ 565.1001

§ 565.1003

§ 565.1005

First-time home buyer savings program; establishment; savings account designation; form of contribution.

§ 565.1007

Account holder responsibilities; use of funds; filing with department; maintenance and retention of records; rules; deduction under MCL 206.30; informational materials.

§ 565.1009

Financial institution duties and responsibilities.

§ 565.101

Marketable record title.

§ 565.1011

Maximum account balance limit; contributions, interest earned, and qualified withdrawals as tax exempt.

§ 565.1013

Improper use of funds; penalties; exceptions; definitions.

§ 565.101a

§ 565.102

Unbroken chain of title to interest in land; conditions.

§ 565.103

Marketable record title; successors in interest; notice of claims; recording for record.

§ 565.104

Marketable record title; failure to record notice not to bar right to possession; applicability to government property or oil and gas interests.

§ 565.105

Notice of claim to contain land description; requirements; form; recording, fees, indexing.

§ 565.105a

Conveyance of land or title; notice of claim; preclusion of interest, claim or charge; statements.

§ 565.106

Construction of act; purpose; extinguishment of claim.

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Bluebook (online)

Michigan § 565.902, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/565/565.902.