Terms Used In Michigan Laws 565.1001

• First-time home buyer: means an individual who is a resident of this state and has not owned or purchased, either individually or jointly, a single-family residence during a period of 3 years prior to the date of the purchase of a single-family residence. See Michigan Laws 565.1003
• Program: means the first-time home buyer savings program established pursuant to this act. See Michigan Laws 565.1003