Sec. 2. Except as otherwise provided by this act, a future advance mortgage securing a future advance shall have priority with respect to the future advance as if the future advance was made at the time the future advance mortgage was recorded.
Mich. Comp. Laws § 565.902
Priority of future advance mortgage
Applied in 1 court decision — leading case 269 Mich. App. 607 - DEUTSCHE BANK TRUST COMPANY AMERICAS v. Spot Realty, Inc. (2006)
Most recently applied in 269 Mich. App. 607 - DEUTSCHE BANK TRUST COMPANY AMERICAS v. Spot Realty, Inc. (April 2006)
1990, Act 348, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.