Michigan Laws 211.666 – Fee for filing and indexing notice of lien, certificate, or notice affecting lien; billing federal officials for fees
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Michigan Laws 211.666
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) The fee for filing and indexing a notice of lien, certificate, or notice affecting the lien is as follows:
(a) For a lien, on real estate or on tangible and intangible property, the same fee provided by law for recording a real estate mortgage.
(b) For a certificate of discharge or subordination, the same fee provided by law for recording a discharge of a real estate mortgage.
(c) For all other notices, including a certificate of release or nonattachment, the same fee provided by law for recording a real estate mortgage.
(2) The filing officer shall bill the district directors of internal revenue or other appropriate federal officials on a monthly basis for fees for documents filed by those federal officials, unless alternative payment methods are established.