{"data":{"id":"us-mi/mich.-comp.-laws-445.1625","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1625","heading":"Limitations on enforcement of due-on-sale clause during term of land contracts or second mortgages.","body":"Sec. 5.\n\nWith respect to any residential real property loan, other than a residential real property loan originated by a federal savings and loan association, a federal savings bank, a national bank, or a federally chartered credit union, if the property securing the loan was sold or transferred prior to October 15, 1982 either on any land contract which does not have a due-on-sale clause or subject to a second mortgage in favor of the seller which does not have a due-on-sale clause, then upon 1 or more subsequent sales or transfers of the property without a payoff of that land contract or second mortgage, a lender shall not enforce a due-on-sale clause in its loan contract.\n\nThe limitations on enforcement of a due-on-sale clause in subsection (1) shall remain in force only for the term of any land contracts or second mortgages in effect on October 15, 1982 not containing a due-on-sale clause or until those land contracts or second mortgages are paid off, whichever occurs first.","path":["MI Code","Chapter 445","Act Act-351-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1625","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3f14f6abff869980268a87a7e1de6153af666957078bd212b90a7f056e5e719b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1624","next":"us-mi/mich.-comp.-laws-445.1626"},"notice":"GroundRules: Original legal text. Not legal advice."}