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HB-5045, As Passed House, June 24, 2026
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SUBSTITUTE FOR
HOUSE BILL NO. 5045
A bill to amend 1966 PA 346, entitled
"State housing development authority act of 1966,"
by amending sections 48g and 48i (MCL 125.1448g and 125.1448i),
section 48g as added by 1981 PA 173 and section 48i as amended by
2004 PA 540.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 48g. (1) The person making the sale shall execute deeds 1
specifying the names of the parties in the action, the date of the 2
land contract or mortgage held by the authority, when and where it 3
was recorded, a description of the premises sold, and the amount 4
for which each parcel of land described in the deed was sold. ; and 5
shall indorse upon 6
(2) The person making the sale shall state in each deed 7
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executed under subsection (1) the time it becomes when the deed 1
will become operative, subject to subsection (5), if the premises 2
are not redeemed according to law. Unless the premises or any a 3
parcel of them are land is redeemed within the time limited for 4
redemption the deed shall become becomes operative as to all 5
parcels not redeemed, and shall vest vests in the grantee named in 6
the deed or his or her the grantee's heirs or assigns all the 7
right, title, and interest which that the mortgagor had at the time 8
of the execution of the mortgage or at any time thereafter.after 9
the execution of the mortgage. 10
(3) (2) The Except as otherwise provided under subsection (5), 11
the deed of sale executed under subsection (1) and the affidavit 12
required under section 3240(2) of the revised judicature act of 13
1961, 1961 PA 236, MCL 600.3240(2), must, as soon as practicable , 14
and within 20 days after the sale, shall be deposited recorded with 15
the register of deeds of the county in which the land property 16
described in the deed of sale is situated, and the located. Upon 17
receipt of the deed of sale, the register of deeds shall indorse 18
upon do all of the following: 19
(a) Endorse on the deed the time it was the deed was received. 20
and shall record 21
(b) Record the deed at length in a book to be provided in his 22
or her the register of deed's office for that the purpose and shall 23
index of recording deeds. 24
(c) Index the deed in the regular index of deeds. , and the 25
fee 26
(4) If a deed is recorded within the 20-day period described 27
under subsection (3), both of the following apply: 28
(a) The interest on the sum that was due begins to accrue from 29
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the date of the sale. 1
(b) The applicable redemption period runs from the date of the 2
sale. 3
(5) If a deed is not recorded within the 20-day period 4
described under subsection (3), the sale is not invalid, but both 5
of the following apply: 6
(a) The interest on the sum that was bid begins to accrue on 7
the date the deed is recorded. 8
(b) The applicable redemption period begins on the date the 9
deed is recorded. 10
(6) The fee for recording the deed shall must be included 11
among the other costs and expenses allowed by law. 12
(7) If the premises or any a parcel of them are redeemed land 13
described in a deed recorded under this section is redeemed, the 14
register of deeds shall write do all of the following: 15
(a) Write "redeemed" on the face of the record deed. the word 16
"redeemed" and shall write at what 17
(b) Write the date the entry is described under subdivision 18
(a) was made. and sign 19
(c) Sign the entry with his or her the register of deed's 20
official signature. 21
Sec. 48i. (1) The Except as otherwise provided under this 22
subsection and section 48g(5), the mortgagor, the mortgagor's 23
heirs, executors, administrators, or any person lawfully claiming 24
under the mortgagor or the mortgagor's heirs, executors, or 25
administrators may redeem the entire premises sold by paying, 26
within 6 months from the date of the sale, to the purchaser or the 27
purchaser's executors, administrators, or assigns, or to the 28
register of deeds in whose office the deed of sale is deposited as 29
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provided in the court rules, for the benefit of the purchaser, the 1
sum which that was bid with interest from the date of the sale at 2
the interest rate provided for by the mortgage. 3
(2) The Except as otherwise provided under section 48g(5), the 4
vendee of a land contract, the vendee's heirs, executors, 5
administrators, or any person lawfully claiming under the vendee of 6
a land contract or the vendee's heirs, executors, or administrators 7
of a land contract may redeem the entire premises sold within 6 8
months from the date of the sale by paying to the purchaser or the 9
purchaser's executors, administrators, or assigns, or to the 10
register of deeds in whose office the deed of sale is deposited as 11
provided in the court rules, for the benefit of the purchaser, the 12
sum which was bid with interest from the date of the sale at the 13
interest rate provided for by the land contract. In case the sum is 14
paid to the register of deeds, the sum of $5.00 shall must be paid 15
to the register of deeds as a fee for the care and custody of the 16
redemption money. 17
(3) Upon On the payment of sums required under this section, 18
the deed of sale is void. If a distinct lot or parcel separately 19
sold is redeemed, leaving a portion of the premises unredeemed, 20
then the deed of sale is void only as to the portion or portions of 21
the premises which are redeemed. The register of deeds shall not 22
determine the amount necessary for redemption. The purchaser shall 23
attach an affidavit with the deed to be recorded that states the 24
exact amount required to redeem the property, including any daily 25
per diem amounts, and the date by which the property must be 26
redeemed shall must be stated in the certificate of sale. The 27
purchaser may include in the affidavit the name of a designee 28
responsible on behalf of the purchaser to assist the person 29
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redeeming the property in computing the exact amount required to 1
redeem the property. The designee may charge a fee as stated in the 2
affidavit and may be authorized by the purchaser to receive 3
redemption funds. The purchaser shall accept the amount computed by 4
the designee. 5
(4) The amount stated in any affidavits recorded under this 6
section shall must be the amount necessary to satisfy the 7
requirements for redemption under this section. 8