Chapter

Chapter 2

Mich. Comp. Laws § 125.1421— Michigan state housing development authority; creation; composition; appointment, qualifications, and terms of members; vacancy; expenses; certificate of appointment or reappointment; designated resident members; powers vested in members; quorum; actions of authority; findings of fact; meetings; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties; relationship to department of consumer and industry services; "section 8" defined
Mich. Comp. Laws § 125.1422— Powers of authority
Mich. Comp. Laws § 125.1422a— Rehabilitation of residential real or rental property; loans, grants, or deferred payment loans to persons and families of low and moderate income; loans to persons in areas of chronic economic stress and to persons located elsewhere in state; powers of authority; participation or cooperation with governing bodies, private organizations, or public organizations; plan; selection of neighborhoods
Mich. Comp. Laws § 125.1422b— Designation of authority as housing credit agency; purpose; amount of housing credit ceiling; qualification of applicant; allocation plan; distribution; setting aside allocable amounts; reapportionment of unallocated credit amounts; applications for low income housing tax credit; fees; “rural housing projects” defined
Mich. Comp. Laws § 125.1422c— Subsidiary nonprofit housing corporation
Mich. Comp. Laws § 125.1422d— Investments
Mich. Comp. Laws § 125.1423— Housing development fund; creation; payments into fund
Mich. Comp. Laws § 125.1424— Housing development fund; advances; grants; transfer of moneys
Mich. Comp. Laws § 125.1424a— Land acquisition and development fund; creation; payment of moneys into fund
Mich. Comp. Laws § 125.1424b— Land acquisition and development fund; use of moneys; acquisition and exchange of real property; improvements to real property; costs; conveyance of real property
Mich. Comp. Laws § 125.1424c— Transfer of moneys to housing development fund or rehabilitation fund
Mich. Comp. Laws § 125.1424d— Rehabilitation fund; creation; jurisdiction; payments
Mich. Comp. Laws § 125.1424e— Rehabilitation fund; use of moneys; allocations or pledges to holders of bonds
Mich. Comp. Laws § 125.1424f— Recapture tax fund; creation; establishment; payment; use
Mich. Comp. Laws § 125.1425— Bonds and notes; issuance; purposes; issuing renewal notes, bonds to pay notes and refunding bonds; notes or bonds as general obligations and negotiable instruments; revised municipal finance act inapplicable; issuance subject to agency financing reporting act
Mich. Comp. Laws § 125.1426— Bonds and notes; authorization; terms
Mich. Comp. Laws § 125.1427— Notes or bonds; resolution authorizing issuance; contents
Mich. Comp. Laws § 125.1428— Notes and bonds; validity and effect of pledge
Mich. Comp. Laws § 125.1429— Notes and bonds; personal liability of members of authority
Mich. Comp. Laws § 125.1430— Notes and bonds; purchase for cancellation; price
Mich. Comp. Laws § 125.1431— Notes and bonds; liability of state
Mich. Comp. Laws § 125.1432— Capital reserve fund; definitions; federal housing subsidy programs; recommendations; priority; program of loans for mobile homes; program of loans for consumer housing cooperatives; notice of public hearing or proposed rule change; rules; identification of housing production goals; report to governor and committees; confidentiality
Mich. Comp. Laws § 125.1432a— Issuance of bonds to finance single family homes; previous ownership interest; publicizing program; report to legislature; section inapplicable to refinancing single family homes
Mich. Comp. Laws § 125.1432b— Mortgage credit certificate program; authority designated as administrator; guidelines; qualifying for receipt of mortgage credit certificate; adaptation of property for use by disabled individuals; family income limits; applicability of internal revenue code; exception; retroactive effect of changes in subsections (3) and (4)
Mich. Comp. Laws § 125.1432d— Legislative intent
Mich. Comp. Laws § 125.1433— General reserve fund; creation; payments into fund; use of fund
Mich. Comp. Laws § 125.1434— Notes and bonds; pledge and agreement of state
Mich. Comp. Laws § 125.1435— Trustee; default; powers and duties
Mich. Comp. Laws § 125.1436— Trustee; additional powers
Mich. Comp. Laws § 125.1437— Venue
Mich. Comp. Laws § 125.1438— Notes and bonds; notice; declaration, due and payable
Mich. Comp. Laws § 125.1439— Money of authority; deposit; security for deposits; contracts with holders of notes or bonds; security for money held in trust; system of accounts; spending for operating purposes; periodic audits; copies
Mich. Comp. Laws § 125.1440— Notes and bonds; legal investment
Mich. Comp. Laws § 125.1441— Faith and credit bonds
Mich. Comp. Laws § 125.1442— Property of authority; exempt from taxation
Mich. Comp. Laws § 125.1443— Notes and bonds; exemption from taxation
Mich. Comp. Laws § 125.1443a— Authorization of covenant and consent
Mich. Comp. Laws § 125.1444— Loans; purposes; conditions; amount; eligibility; sales and resales; long-term financing or refinancing; securing and repaying loans; interest rate; misrepresentation of income; loans for newly rehabilitated, newly constructed, or existing 1- to 4-unit housing units; definitions
Mich. Comp. Laws § 125.1444a— Rehabilitation loans, grants, or deferred payment loans; eligibility; secured or unsecured loans or grants; insurance; reserve; interest; terms and conditions; rules; persons and families of low and moderate income; maximum principal loan amounts; minimum age of structure
Mich. Comp. Laws § 125.1444b— Loans to mortgage lenders; authorized purchases and commitments; requirements and conditions; report
Mich. Comp. Laws § 125.1444c— Use of proceeds of notes or bonds; qualification as rehabilitation; establishment of higher income limits; eligibility for occupancy; application; issuance of 6-month commitment to loan funds; limitation on outstanding loan commitments; fees; direct or indirect loan; sale, refinancing, or resyndication; allowable distributions; report to authority; authority-aided mortgage; monitoring compliance; remedies; regulation; liability; priority consideration; unified volume cap not as impairment; student housing project
Mich. Comp. Laws § 125.1444d— Authorized loans; purpose; criteria
Mich. Comp. Laws § 125.1444e— Income eligibility standards applicable to tenant of housing project
Mich. Comp. Laws § 125.1444f— Loan for housing project in effectively treatable area; demonstration of community support; return on investment
Mich. Comp. Laws § 125.1444g— Enforcement of promises or commitments; action to be brought against authority
Mich. Comp. Laws § 125.1445— Preference to displaced persons
Mich. Comp. Laws § 125.1446— Discrimination
Mich. Comp. Laws § 125.1447— Obtaining money, property, or service with intent to defraud or cheat; penalty; determination of total value; prior convictions; prohibited use
Mich. Comp. Laws § 125.1448— Foreclosure procedures applicable to authority
Mich. Comp. Laws § 125.1448a— Jurisdiction to foreclose mortgages and land contracts held by authority
Mich. Comp. Laws § 125.1448b— Other civil actions
Mich. Comp. Laws § 125.1448c— Bringing amount due into court before judgment of sale; dismissal of complaint
Mich. Comp. Laws § 125.1448d— Sale of premises pursuant to circuit court order
Mich. Comp. Laws § 125.1448e— Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default
Mich. Comp. Laws § 125.1448f— Public sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091
Mich. Comp. Laws § 125.1448g— Deed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises
Mich. Comp. Laws § 125.1448h— Sale proceeds; application to discharge of debt; surplus; interest
Mich. Comp. Laws § 125.1448i— Redemption of premises; effect on deed of sale; affidavit
Mich. Comp. Laws § 125.1448j— Adding property tax and insurance premium payments made after foreclosure to amount due in judgment; determination of additional liability; affidavits; receipt; redemption
Mich. Comp. Laws § 125.1448k— Personal liability on land contract or for mortgage debt; original judgment; deficiency; delivery of premises to purchaser; order
Mich. Comp. Laws § 125.1448l— Forfeiture, foreclosure, or specific performance proceedings; minimum price
Mich. Comp. Laws § 125.1448m— Land contract or mortgage debt secured by evidence of debt of person other than vendee or mortgagor; party; court order
Mich. Comp. Laws § 125.1448n— Sale of premises; default subsequent to judgment
Mich. Comp. Laws § 125.1448o— Action to discharge mortgage or land contract; judgment entered by court; contents; minutes; delivery of judgment to authority; recordation of judgment
Mich. Comp. Laws § 125.1448p— Equitable actions
Mich. Comp. Laws § 125.1449— Foreclosure by advertisement
Mich. Comp. Laws § 125.1449a— Right of authority to give notice and make foreclosure; conditions; mortgage securing payment of money by installments; installment as separate and independent mortgage; foreclosure and redemption
Mich. Comp. Laws § 125.1449b— Notice of sale; publication; posting copy of notice upon premises
Mich. Comp. Laws § 125.1449c— Notice of sale; contents
Mich. Comp. Laws § 125.1449d— Sale of premises at public sale; hours; location; appointed person; highest bidder
Mich. Comp. Laws § 125.1449e— Adjournment of sale; request; notice; oral announcement unnecessary
Mich. Comp. Laws § 125.1449f— Sale of distinct farms, tracts, or lots separately or together
Mich. Comp. Laws § 125.1449g— Purchase of premises by authority or its successor or assign permitted
Mich. Comp. Laws § 125.1449h— Deed; execution, acknowledgment, and delivery by officer or person making sale; separate deeds where lands situated in several counties; endorsement, recordation, and indexation of deed by register of deeds; redemption
Mich. Comp. Laws § 125.1449i— Deed; right, title, and interest vested in grantee; record of deed valid without re-recordation; effect of sale on valid subsisting lien created before mortgage lien took effect
Mich. Comp. Laws § 125.1449j— Redemption of premises; payment of taxes or insurance premiums; redemption period; fees or charges
Mich. Comp. Laws § 125.1449k— Abandonment of premises; presumption
Mich. Comp. Laws § 125.1449l— Payment of entire sum bid at sale, interest, and fee, or delivery of certificate of payment to register; destruction of deed; memoranda
Mich. Comp. Laws § 125.1449m— Refusal to make and acknowledge certificate of payment; liability; damages; civil action
Mich. Comp. Laws § 125.1449n— Disposition of surplus money remaining after sale of real estate
Mich. Comp. Laws § 125.1449o— Perpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references
Mich. Comp. Laws § 125.1449p— Taking and certifying affidavits
Mich. Comp. Laws § 125.1449q— Recording affidavits; presumptive evidence of facts
Mich. Comp. Laws § 125.1449r— Note recording evidence of sale to be made in margin of mortgage record
Mich. Comp. Laws § 125.1449s— Notice of payment to purchaser, agent, or attorney
Mich. Comp. Laws § 125.1449t— Right to enter mortgaged premises to post or serve notices
Mich. Comp. Laws § 125.1449u— Action to recover deficiency judgment against mortgagor; defense; applicability of section
Mich. Comp. Laws § 125.1449v— Foreclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section