Michigan StatutesAct 346 of 1966 - STATE HOUSING DEVELOPMENT AUTHORITY ACT OF 1966 (125.1401 - 125.1499c)
- Section 125.1401 - Legislative determinations and findings.
- Section 125.1402 - Short title.
- 346-1966-1 - CHAPTER 1 (125.1411...125.1417)
- 346-1966-10 - CHAPTER 10 (125.1499...125.1499c)
- 346-1966-2 - CHAPTER 2 (125.1421...125.1449v)
- Section 125.1421 - Michigan state housing development authority; creation; composition; appointment, qualifications, and terms of members; vacancy; expenses; certificate of appointment or reappointmen
- Section 125.1422 - Powers of authority.
- Section 125.1422a - Rehabilitation of residential real or rental property; loans, grants, or deferred payment loans to persons and families of low and moderate income; loans to persons in areas of chr
- Section 125.1422b - Designation of authority as housing credit agency; purpose; amount of housing credit ceiling; qualification of applicant; allocation plan; distribution; setting aside allocable amo
- Section 125.1422c - Subsidiary nonprofit housing corporation.
- Section 125.1423 - Housing development fund; creation; payments into fund.
- Section 125.1424 - Housing development fund; advances; grants; transfer of moneys.
- Section 125.1424a - Land acquisition and development fund; creation; payment of moneys into fund.
- Section 125.1424b - Land acquisition and development fund; use of moneys; acquisition and exchange of real property; improvements to real property; costs; conveyance of real property.
- Section 125.1424c - Transfer of moneys to housing development fund or rehabilitation fund.
- Section 125.1424d - Rehabilitation fund; creation; jurisdiction; payments.
- Section 125.1424e - Rehabilitation fund; use of moneys; allocations or pledges to holders of bonds.
- Section 125.1424f - Recapture tax fund; creation; establishment; payment; use.
- Section 125.1424g - Repealed. 1985, Act 183, Imd. Eff. Dec. 18, 1985.
- Section 125.1425 - Bonds and notes; issuance; purposes; issuing renewal notes, bonds to pay notes and refunding bonds; notes or bonds as general obligations and negotiable instruments; revised municip
- Section 125.1426 - Bonds and notes; authorization; terms.
- Section 125.1427 - Notes or bonds; resolution authorizing issuance; contents.
- Section 125.1428 - Notes and bonds; validity and effect of pledge.
- Section 125.1429 - Notes and bonds; personal liability of members of authority.
- Section 125.1430 - Notes and bonds; purchase for cancellation; price.
- Section 125.1431 - Notes and bonds; liability of state.
- Section 125.1432 - Capital reserve fund; federal housing subsidy programs; recommendations; priority; program of loans for mobile homes; program of loans for consumer housing cooperatives; notice of p
- Section 125.1432a - Issuance of bonds to finance single family homes; previous ownership interest; publicizing program; report to legislature; section inapplicable to refinancing single family homes.
- Section 125.1432b - Mortgage credit certificate program; authority designated as administrator; guidelines; qualifying for receipt of mortgage credit certificate; adaptation of property for use by dis
- Section 125.1432c - Repealed. 1988, Act 496, Eff. Mar. 30, 1989.
- Section 125.1432d - Legislative intent.
- Section 125.1433 - General reserve fund; creation; payments into fund; use of fund.
- Section 125.1434 - Notes and bonds; pledge and agreement of state.
- Section 125.1435 - Trustee; default; powers and duties.
- Section 125.1436 - Trustee; additional powers.
- Section 125.1437 - Venue.
- Section 125.1438 - Notes and bonds; notice; declaration, due and payable.
- Section 125.1439 - Money of authority; deposit; security for deposits; contracts with holders of notes or bonds; security for money held in trust; system of accounts; spending for operating purposes;
- Section 125.1440 - Notes and bonds; legal investment.
- Section 125.1441 - Faith and credit bonds.
- Section 125.1442 - Property of authority; exempt from taxation.
- Section 125.1443 - Notes and bonds; exemption from taxation.
- Section 125.1443a - Authorization of covenant and consent.
- Section 125.1444 - Loans; purposes; conditions; amount; eligibility; sales and resales; long-term financing or refinancing; securing and repaying loans; interest rate; misrepresentation of income; tim
- Section 125.1444a - Rehabilitation loans, grants, or deferred payment loans; eligibility; secured or unsecured loans or grants; insurance; reserve; interest; terms and conditions; rules; maximum princ
- Section 125.1444b - Loans to mortgage lenders; authorized purchases and commitments; requirements and conditions; report.
- Section 125.1444c - Use of proceeds of notes or bonds; qualification as rehabilitation; establishment of higher income limits; eligibility for occupancy; application; issuance of 6-month commitment to
- Section 125.1444d - Authorized loans; purpose; criteria.
- Section 125.1444e - Income eligibility standards applicable to tenant of housing project.
- Section 125.1444f - Loan for housing project in effectively treatable area; demonstration of community support; return on investment.
- Section 125.1444g - Enforcement of promises or commitments; action to be brought against authority.
- Section 125.1445 - Preference to displaced persons.
- Section 125.1446 - Discrimination.
- Section 125.1447 - Obtaining money, property, or service with intent to defraud or cheat; penalty; determination of total value; prior convictions; prohibited use.
- Section 125.1448 - Foreclosure procedures applicable to authority.
- Section 125.1448a - Jurisdiction to foreclose mortgages and land contracts held by authority.
- Section 125.1448b - Other civil actions.
- Section 125.1448c - Bringing amount due into court before judgment of sale; dismissal of complaint.
- Section 125.1448d - Sale of premises pursuant to circuit court order.
- Section 125.1448e - Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default.
- Section 125.1448f - Public sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091.
- Section 125.1448g - Deed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises.
- Section 125.1448h - Sale proceeds; application to discharge of debt; surplus; interest.
- Section 125.1448i - Redemption of premises; effect on deed of sale; affidavit.
- Section 125.1448j - Adding property tax and insurance premium payments made after foreclosure to amount due in judgment; determination of additional liability; affidavits; receipt; redemption.
- Section 125.1448k - Personal liability on land contract or for mortgage debt; original judgment; deficiency; delivery of premises to purchaser; order.
- Section 125.1448m - Land contract or mortgage debt secured by evidence of debt of person other than vendee or mortgagor; party; court order.
- Section 125.1448n - Sale of premises; default subsequent to judgment.
- Section 125.1448o - Action to discharge mortgage or land contract; judgment entered by court; contents; minutes; delivery of judgment to authority; recordation of judgment.
- Section 125.1448p - Equitable actions.
- Section 125.1449 - Foreclosure by advertisement.
- Section 125.1449a - Right of authority to give notice and make foreclosure; conditions; mortgage securing payment of money by installments; installment as separate and independent mortgage; foreclosur
- Section 125.1449b - Notice of sale; publication; posting copy of notice upon premises.
- Section 125.1449c - Notice of sale; contents.
- Section 125.1449d - Sale of premises at public sale; hours; location; appointed person; highest bidder.
- Section 125.1449e - Adjournment of sale; request; notice; oral announcement unnecessary.
- Section 125.1449f - Sale of distinct farms, tracts, or lots separately or together.
- Section 125.1449g - Purchase of premises by authority or its successor or assign permitted.
- Section 125.1449h - Deed; execution, acknowledgment, and delivery by officer or person making sale; separate deeds where lands situated in several counties; endorsement, recordation, and indexation of
- Section 125.1449i - Deed; right, title, and interest vested in grantee; record of deed valid without re-recordation; effect of sale on valid subsisting lien created before mortgage lien took effect.
- Section 125.1449j - Redemption of premises; payment of taxes or insurance premiums; redemption period; fees or charges.
- Section 125.1449k - Abandonment of premises; presumption.
- Section 125.1449m - Refusal to make and acknowledge certificate of payment; liability; damages; civil action.
- Section 125.1449n - Disposition of surplus money remaining after sale of real estate.
- Section 125.1449o - Perpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references.
- Section 125.1449p - Taking and certifying affidavits.
- Section 125.1449q - Recording affidavits; presumptive evidence of facts.
- Section 125.1449r - Note recording evidence of sale to be made in margin of mortgage record.
- Section 125.1449s - Notice of payment to purchaser, agent, or attorney.
- Section 125.1449t - Right to enter mortgaged premises to post or serve notices.
- Section 125.1449u - Action to recover deficiency judgment against mortgagor; defense; applicability of section.
- Section 125.1449v - Foreclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section.
- 346-1966-3 - CHAPTER 3 (125.1451...125.1457)
- 346-1966-3A - CHAPTER 3A (125.1458...125.1458f)
- 346-1966-3B - CHAPTER 3B (125.1459...125.1459a)
- 346-1966-4 - CHAPTER 4 (125.1461...125.1465)
- 346-1966-5 - CHAPTER 5 (125.1471...125.1475)
- 346-1966-6 - CHAPTER 6 (125.1481...125.1486)
- 346-1966-7 - CHAPTER 7 (125.1491...125.1496)
- 346-1966-8 - CHAPTER 8 (125.1497...125.1497f)
- 346-1966-9 - CHAPTER 9 (125.1498...125.1498f)