A bill to amend 1966 PA 346, entitled “State housing development authority act of 1966,” by amending sections 48g and 48i (MCL 125.1448g and 125.1448i), section 48g as added by 1981 PA 173 and section 48i as amended by 2004 PA 540.
House Bill No. 5045 amends the State Housing Development Authority Act to clarify and update procedures for recording deeds and redeeming properties after foreclosure, specifying that interest and redemption periods begin upon deed recording rather than the sale date.
Co-sponsored by Reps.
Referred to the Committee on Regulatory Reform