{"data":{"id":"us-mi/mich.-comp.-laws-445.1594","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1594","heading":"Loan documents not containing nonrecourse loan provisions; use.","body":"Sec. 4.\n\nThis act does not prohibit a loan secured by a mortgage on real property located in this state from being fully recourse to the borrower or the guarantor, including, but not limited to, as a result of a post closing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.","path":["MI Code","Chapter 445","Act Act-67-of-2012"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1594","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"1f83dc203759a850d3dd9a9c4d0290124200a01e5b635755e46534259fc50d08","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1593","next":"us-mi/mich.-comp.-laws-445.1595"},"notice":"GroundRules: Original legal text. Not legal advice."}