Michigan Full Discharge of Memorandum of Contract Forms
Complete county-specific full discharge of memorandum of contract packages for all Michigan counties. Immediate download, guaranteed recordable, includes completion guide and examples.
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Full Discharge of Memorandum of Contract Form
County-specific blank form formatted to meet all local recording requirements including margins, fonts, and content specifications.
Always CurrentCompletion Guide
Step-by-step instructions explaining how to fill out every blank on the form. No guesswork - just follow along line by line.
Easy to FollowCompleted Example
See exactly how a properly completed full discharge of memorandum of contract should look with our filled-out sample document for reference.
Reference ToolMichigan statute MCL 565.361 governs the release of a Memorandum of Contract related to land contracts, mortgages, or security assignments.
Here's how it affects the release: If a party has fully fulfilled its obligations under a land contract (e.g., the buyer has paid in full), the seller must execute a conveyance of land or provide a release of security interests.
Requirement to Provide a Release or Discharge: When a land contract mortgage or security assignment is fully satisfied, the party holding the interest (usually the seller or lender) must provide a discharge or release.
Failure or Refusal to Provide a Release: If a party fails or refuses to execute the required release or discharge after full payment, they may be subject to legal penalties and enforcement actions.
Marketability of Title: The statute ensures that once obligations are met and the necessary releases are executed, the property’s title is marketable, meaning it can be freely transferred or sold.
Enforcement & Penalties: If a seller or lender wrongfully withholds a release, the buyer or borrower can seek enforcement through legal action.
Subordination to Other Interests: The statute clarifies that certain real estate interests may take priority over a land contract, affecting the order of enforcement.
Effect on the Release of a Memorandum of Contract: A Memorandum of Contract is often recorded in place of a full land contract to put the public on notice of an agreement. When obligations are fulfilled, this statute requires the release of such a memorandum to clear the title.
Failure to release the memorandum after obligations are satisfied could lead to legal action and possible penalties under this law.
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Forms are available immediately after submitting payment. You'll receive instant access to download your county-specific package.
Are these forms guaranteed to be recordable?
Yes. Our forms are guaranteed to meet or exceed all formatting requirements for your selected county, including margin requirements, content requirements, font and font size requirements.
Can I reuse the forms for multiple properties?
Yes. You can reuse the forms for your personal use. If you have multiple properties in the same county, you only need to order once for all your properties in that county.
What if I'm not satisfied with the forms?
We offer a 30-day money-back guarantee. If you're not completely satisfied with your purchase, we'll refund your payment in full.
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