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Terms Used In Michigan Laws 125.2770

  • Administrator: means a local governmental unit or a nonprofit community organization under contract with a local governmental unit to administer a homestead program under this act. See Michigan Laws 125.2762
  • Qualified buyer: means an applicant who meets the criteria in section 4. See Michigan Laws 125.2762
     A qualified buyer eligible for and participating in the urban homestead program shall be allowed the opportunity to make up any late or delinquent rent due. The administrator shall notify the individual of the arrearage and determine a payment schedule to make up past due rent.