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Terms Used In Michigan Laws 565.384

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
     Nothing contained in this act shall be construed to require the payment of a mortgage tax by reason of the recording of any affidavit of renewal.