Sec. 5. This act applies to the enforcement and interpretation of all nonrecourse loan documents in existence on, or entered into on or after, the effective date of this act.
Mich. Comp. Laws § 445.1595
Enforcement and interpretation of existing nonrecourse loan documents
Applied in 2 court decisions — leading case Borman, LLC v. 18718 Borman, LLC (2015)
Most recently applied in Borman, LLC v. 18718 Borman, LLC (February 2015)
2012, Act 67, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.