Mich. Comp. Laws § 570.593

Current through Public Act 171 of the 2024 Legislative Session

Section 570.593 - Priority of subsequently recorded mortgage; condition

A subsequently recorded mortgage has priority over a commercial real estate broker's lien if the mortgagee did not have actual or constructive knowledge of the lien at the time the mortgagee advanced money under the mortgage.

MCL 570.593

Added by 2010, Act 201,s 13, eff. 10/5/2010.