{"data":{"id":"us-mi/mich.-comp.-laws-445.1674","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1674","heading":"Annual statement and ledger history of borrower's account; fee prohibited.","body":"Sec. 24.\n\nA mortgage servicer shall deliver to the borrower annually a statement of the borrower's account showing the unpaid principal balance of the mortgage loan at the end of the immediately preceding 12-month period, the interest paid during such period, and the amounts deposited into escrow and disbursed from escrow during the period. In addition, within 25 days after receipt of a written request from the borrower, a mortgage servicer shall deliver to the borrower a ledger history of the borrower's account showing the date and amount of all payments made or credited to the account, but in no event for a period in excess of the immediately preceding 12-month period, and the total unpaid balance. In no event shall a mortgage servicer be obligated to furnish to the borrower more than 1 annual statement and 1 ledger history upon written request of the borrower in any 12-month period.\n\nA fee shall not be charged the borrower for the annual statement or for 1 ledger history furnished to a borrower in a 12-month period.","path":["MI Code","Chapter 445","Act Act-173-of-1987"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1674","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"641fd35400c6e5ebeae18493fe2ef9784402f59ef3228fa89b86aa2cf8120074","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1673","next":"us-mi/mich.-comp.-laws-445.1675"},"notice":"GroundRules: Original legal text. Not legal advice."}