A bill to amend 1961 PA 236, entitled “Revised judicature act of 1961,” by amending sections 3240 and 3252 (MCL 600.3240 and 600.3252), section 3240 as amended by 2019 PA 130.
House Bills 5152–5153 enhance Michigan’s foreclosure laws by requiring clearer disclosure of homeowner rights, improving transparency and record-keeping, and limiting the transfer of redemption and surplus rights to prevent exploitation while maintaining existing foreclosure and redemption procedures.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
