state_legiscan_drain · MI
Civil procedure: foreclosure; distribution of proceeds from mortgage foreclosure auctions; modify. Amends sec. 3208 of 1961 PA 236 (MCL 600.3208) & adds secs. 3214 & 3222. TIE BAR WITH: HB 5153'25
October 28, 2025
Summary
If enacted, this bill would modify the distribution of proceeds from mortgage foreclosure auctions in Michigan, altering the priority of payments to lienholders, fees, and surplus. It primarily affects servicers and lenders who handle foreclosure proceeds and must comply with the updated order of distribution.
AI-generated summary · Jul 5, 2026. Verify with your compliance counsel before acting.
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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5152
Common questions
- What does "Civil procedure: foreclosure; distribution of proceeds from mortgage foreclosure auctions; modify. Amends sec. 3208 of 1961 PA 236 (MCL 600.3208) & adds secs. 3214 & 3222. TIE BAR WITH: HB 5153'25" cover?
- If enacted, this bill would modify the distribution of proceeds from mortgage foreclosure auctions in Michigan, altering the priority of payments to…
- When was it published?
- It was published on October 28, 2025.
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