Michigan law prohibits the use of the words 'warranty deed' in deeds unless they are true warranty deeds, with violations being misdemeanors. It also criminalizes procuring signatures on documents related to grain sales at fictitious or inflated prices, which is classified as a felony. These laws aim to prevent deceptive real estate practices and fraudulent grain transactions.
A warranty deed is a legal document that guarantees clear title to the property. Michigan law prohibits using the words 'warranty deed' unless it is an actual warranty deed.
Using 'warranty deed' words falsely or selling deeds with such words without being actual warranty deeds is a misdemeanor in Michigan.
Procuring signatures to sell grain at fictitious or inflated prices, especially at twice the market value, is a felony offense in Michigan.
Individuals or entities who knowingly misuse deed words or engage in fraudulent grain sale practices can be prosecuted under Michigan law.