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Michigan Satisfaction of Financial Obligation

Category:
Michigan Statewide - Criminal - General
State:
Michigan
Control #:
MI-MC-290
Format:
PDF
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Description

Satisfaction of Financial Obligation Michigan Satisfaction of Financial Obligation is a legal document issued by the Michigan Department of Treasury. It acts as proof that a debt has been paid in full in the State of Michigan. It is often used as a condition of closing a sale or transfer of real estate. There are two types of Michigan Satisfaction of Financial Obligation: a Registered Satisfaction of Financial Obligation (SFO); and an Unregistered Satisfaction of Financial Obligation (USF). The SFO is recorded and indexed in the public records of Michigan. The USF is a private document that is not recorded. Both documents act as evidence of payment of a debt and provide legal protection to the parties involved.

Michigan Satisfaction of Financial Obligation is a legal document issued by the Michigan Department of Treasury. It acts as proof that a debt has been paid in full in the State of Michigan. It is often used as a condition of closing a sale or transfer of real estate. There are two types of Michigan Satisfaction of Financial Obligation: a Registered Satisfaction of Financial Obligation (SFO); and an Unregistered Satisfaction of Financial Obligation (USF). The SFO is recorded and indexed in the public records of Michigan. The USF is a private document that is not recorded. Both documents act as evidence of payment of a debt and provide legal protection to the parties involved.

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