Michigan § 565.903 Priority of recorded mortgage amended to become future advance mortgage.

Michigan Statutes

§ 565.903 — Priority of recorded mortgage amended to become future advance mortgage.

Michigan § 565.903

Ch. 565CONVEYANCES OF REAL PROPERTY

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

This text of Michigan § 565.903 (Priority of recorded mortgage amended to become 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 § 565.903 (2026).

Text

PRIORITY OF MORTGAGES (EXCERPT) Act 348 of 1990 565.903 Priority of recorded mortgage amended to become future advance mortgage. Sec.

3.Except as otherwise provided by this act, if a recorded mortgage has been or is amended to become a future advance mortgage, it shall have priority with respect to a future advance secured by the mortgage as if the future advance was made at the time the amendment was recorded.

Free access — add to your briefcase to read the full text and ask questions with AI

PRIORITY OF MORTGAGES (EXCERPT) Act 348 of 1990 565.903 Priority of recorded mortgage amended to become future advance mortgage. Sec. 3. Except as otherwise provided by this act, if a recorded mortgage has been or is amended to become a future advance mortgage, it shall have priority with respect to a future advance secured by the mortgage as if the future advance was made at the time the amendment was recorded.