Michigan Laws 570.591 – Payment of claim or failure to commence action; release of lien
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Terms Used In Michigan Laws 570.591
- Lien: A claim against real or personal property in satisfaction of a debt.
- Record: means to record with the register of deeds for the county in which the commercial real estate is located. See Michigan Laws 570.582
If a claim of lien recorded under this act has been paid, or if an action to enforce the lien has not been commenced within the time limitations of section 7, the real estate broker shall record a release of lien under section 5 within 5 days after a written demand by the owner of record or the owner’s agent and provide a copy of the recorded release.