Charter One v NBD

Cout of Appeals Opinion


A mortgage was not required to comply with Michigan's Future Adavance Mortgage Act because it actually secured two unlimited personal guaranties, which were not considered "future advances."

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Published In: Finance & Banking Updates, Residential Real Estate Updates

Reference Info:Decision | State, 6th Circuit, Michigan | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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