A bill to amend 1937 PA 103, entitled “An act to prescribe certain conditions relative to the execution of instruments entitled to be recorded in the office of the register of deeds,” by amending section 1 (MCL 565.201), as amended by 2018 PA 197.
House Bills 5365 and 5367 together impose new surtaxes and disclosure requirements on large-scale and institutional investors in Michigan single-family homes by regulating investor activity, mandating fair market value reporting, and tying real-estate transfers to tax compliance, with exemptions for mission-driven affordable housing entities, all aimed at promoting housing affordability, homeownership, and community stability.
Co-sponsored by Reps.
Referred to the Committee on Government Operations
