MCL - Act 115 of 2022
AN ACT to enact the uniform assignment of rents act; to provide for the creation, perfection, and enforcement of security interests in rents; to provide remedies; and to repeal acts and parts of acts.
History: 2022, Act 115, Eff. Sept. 22, 2022
Document | Type | Description |
---|---|---|
Section 554.1051 | Section | Short title. |
Section 554.1052 | Section | Definitions. |
Section 554.1053 | Section | Assignment; notification; method; proper address rules. |
Section 554.1054 | Section | Assignment of rents; enforceable security interest; discharge; foreclosure; applicability. |
Section 554.1055 | Section | Recording with register of deeds; perfected security interest; priority. |
Section 554.1056 | Section | Assignment enforcement methods. |
Section 554.1057 | Section | Appointment of receiver; petition; priority of receivers. |
Section 554.1058 | Section | Demand notice to assignor for collection of rents; notification requirements. |
Section 554.1059 | Section | Demand notice to tenant for payment of rents; notification requirements. |
Section 554.1060 | Section | Notification to pay rents to person other than landlord; form. |
Section 554.1061 | Section | Effect of enforcement of assignments of rent. |
Section 554.1062 | Section | Collection of rent proceeds; use of funds. |
Section 554.1063 | Section | Exception for use of collection of rents; protection of rights. |
Section 554.1064 | Section | "Good faith" defined; collection by assignor; remedies; priority. |
Section 554.1065 | Section | Perfection of security interests; priority rules in article 9. |
Section 554.1066 | Section | Priority subject to subordination. |
Section 554.1067 | Section | Promotion of uniformity. |
Section 554.1068 | Section | Electronic signatures. |
Section 554.1069 | Section | Applicability of act. |
Section 554.1070 | Section | Repeal of certain acts. |