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  6. Chapter 445 - Trade and Com...
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  8. Act 351 of 1984 Due-on-Sale Clauses (445.1621 -...


Act 351 of 1984 Due-on-Sale Clauses (445.1621 - 445.1629)


  • Section 445.1621 Definitions.
  • Section 445.1622 Enforcement of Due-on-Sale Clause Generally.
  • Section 445.1623 Procedure Before Sale or Transfer of Property Securing Residential Window Period Loan Containing Due-on-Sale Clause; Fees; Grounds for Enforcement of Due-on-Sale Clause; Failure to Follow Procedure.
  • Section 445.1624 Amendment of Loan Contract; Rate of Interest; Monthly Payments of Principal and Interest; Execution, Delivery, and Effective Date of Amendment; Lien Priority; Extending Term of Loan.
  • Section 445.1625 Limitations on Enforcement of Due-on-Sale Clause During Term of Land Contracts or Second Mortgages.
  • Section 445.1626 Circumstances Under Which Enforcement Prohibited.
  • Section 445.1626a Consent to Sale or Transfer of Real Property Subject to Residential Window Period Loan Containing Due-on-Sale Clause.
  • Section 445.1627 Contract for Sale or Transfer of Residential Property Subject to Mortgage; Provisions in Boldface Type.
  • Section 445.1628 Violation by Lender; Liability; Action to Recover Civil Fine; Prohibited Conduct by Licensee; Liability for Civil Fine; Revocation of License; Action for Declaratory Judgment or Injunction; Action for Actual Damages and Attorneys' Fees.
  • Section 445.1629 Effective Date.
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