Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).

Summary

The bill modifies sections of the 2026 Property Act that prohibit specific businesses from purchasing residential real estate. By altering those restrictions, it could affect the targeted businesses and the broader residential housing market. The measure is currently referred to committee.

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