A bill to amend 1993 PA 92, entitled “Seller disclosure act,” by amending section 7 (MCL 565.957), as amended by 2005 PA 163.
Updates Michigan's Seller Disclosure Act by revising the disclosure form, requiring sellers to notify buyers of upcoming drain assessments, and clarifying property condition and tax information to improve transparency in real estate transactions.
Co-sponsored by Sens.
Referred to the Committee on Local Government