Sec. 6. A lender shall not enforce a due-on-sale clause in a residential real property loan in any circumstances under which enforcement is prohibited under section 341(d) of the Garn-St. Germain depository institutions act of 1982, 12 U.S.C. 1701j-3, as currently in force.
Mich. Comp. Laws § 445.1626
Circumstances under which enforcement prohibited
Applied in 1 court decision — leading case Estate of Cornell v. Bayview Loan Servicing, LLC (2018)
Most recently applied in Estate of Cornell v. Bayview Loan Servicing, LLC (November 2018)
1984, Act 351, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.