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Priority of recorded mortgage amended to become future advance mortgage.

MCL 565.903
in effect
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565.903. Priority of recorded mortgage amended to become future advance mortgage. Sec. 3. Except as otherwise provided by this act, if a recorded mortgage has been or is amended to become a future advance mortgage, it shall have priority with respect to a future advance secured by the mortgage as if the future advance was made at the time the amendment was recorded. 1990, Act 348, Eff. Apr. 1, 1991; Am. 1992, Act 35, Eff. July 1, 1992
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-565-903Fetched: 10/20/2026

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