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Michigan Compiled Laws, Chapter 565. Conveyances of Real Property § 565.163

Current as of January 01, 2025 | Updated by Findlaw Staff

Sec. 3. If, pursuant to an agreement, a mortgagor has paid sufficient funds into an escrow account for the purpose of paying taxes on mortgaged real property, and if the mortgagee or his agent has not paid those property taxes, then the person to whom the mortgagor paid the funds shall be liable to the mortgagor for any penalties or fees incurred by the mortgagor as a result of that failure to pay taxes.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 565. Conveyances of Real Property § 565.163 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-565-conveyances-of-real-property/mi-comp-laws-565-163/

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