§ 487.751 National housing act; state financial institutes’ authorized transactions; collateral
§ 487.752 Construction of act as to effect of state laws
§ 487.753 Declaration of necessity

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Terms Used In Michigan Laws > Chapter 487 > Act 2 of 1935 - Loans Under National Housing Act

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
  • Statute: A law passed by a legislature.