MichiganBill would update wording and code references for land contract mortgages
The bill would revise wording and code references for mortgages on a seller’s or buyer’s interest under a land contract, if House Bill 6347 becomes law.
What it does
The bill would revise wording and update commercial-code references in the law on land contract mortgages. It would take effect only if House Bill 6347 also becomes law.
Argument forUpdating the code references could help people and officials find the legal rules that apply to land contract mortgages.
Argument againstIf the revised code references point to different rules, people recording these mortgages might face uncertainty about how the filing exemption works.
More detail
The bill would revise wording and update Uniform Commercial Code references in the law on land contract mortgages. The section concerns mortgages on either a seller’s or buyer’s interest in property under a land contract. The bill would take effect only if House Bill 6347 is enacted into law. The changes would take effect only if House Bill 6347 is enacted into law.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 29bill electronically reproduced 09/24/2026Latest
- Sep 24referred to Committee on FinanceMinor
- Sep 24read a first timeMinor
- Sep 24introduced by Representative Rep. Douglas WozniakIntroduced
Housing