Michigan § 500.1932 - Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility.
Full text of Michigan Michigan Compiled Laws § 500.1932 — Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility., with citation guidance and answers to common questions.
§ 500.1932. Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility.
In accordance with its bylaws, an association may establish an independent office as a servicing facility. Each servicing facility shall be reimbursed by the association for expenses incurred and for any payments made on behalf of the association. Each servicing facility may perform any of the functions of the association that officers of the association may lawfully delegate to it. In performing functions delegated to it, the facility shall act on behalf of, and in the name of, the association.
Designation of servicing facilities shall be subject to the approval of a commissioner. A member licensee may serve as the servicing facility.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1932
What does Michigan Compiled Laws § 500.1932 cover?
Section 500.1932 ("Servicing facility; establishment; reimbursement for expenses and payments; functions; approval; member licensee as servicing facility.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.1932?
A common citation format is "Michigan Compiled Laws § 500.1932" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.1932 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.