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Tag: loan

Contracts / Featured / Legal Updates

Usury-Savings Clause Held To Be Valid When Lender Unintentionally Charges More Interest Than Allowed

July 13, 2021July 31, 2021 - by Joseph DeFever

When drafting a promissory note or other agreement for a loan, the interest rate is usually specified. The agreed-upon interest rate may exceed the interest rate allowed by law for …

Usury-Savings Clause Held To Be Valid When Lender Unintentionally Charges More Interest Than Allowed Read More
Legal Updates

Right To Recover Surplus Proceeds Is Not Relinquished At Foreclosure Sale

June 1, 2017October 16, 2019 - by Demorest Law Firm

A recent court decision in In Re $55,336.17 Surplus Funds; MiLW No. 07-94649 cemented the interpretation of MCL 600.3252 insofar as junior mortgagees maintain a legal right to claim any …

Right To Recover Surplus Proceeds Is Not Relinquished At Foreclosure Sale Read More

Featured

Demorest Law Firm Selected as one of the Best Family-Led Law Firms in Michigan

December 17, 2024December 17, 2024

Demorest Law Firm Participates in Primerus Global Day of Service

December 10, 2024December 10, 2024

Melissa Demorest LeDuc Discusses Working at a Family-Run Firm

February 9, 2023February 9, 2023

Melissa Demorest LeDuc Gives Estate Planning Advice on AARP MoneyTalks 50+ Podcast

November 18, 2022November 22, 2022

Melissa Demorest LeDuc selected by MI Lawyers Weekly as one of ‘Michigan’s Go To Lawyers’ for Business Law

May 4, 2022June 2, 2022

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FinCEN Update

April 1, 2025April 1, 2025

DEMOREST LAW FIRM WELCOMES NEW ASSOCIATE ATTORNEY, AUSTEN SHEAROUSE

February 27, 2025February 27, 2025

Demorest Law Firm Selected as one of the Best Family-Led Law Firms in Michigan

December 17, 2024December 17, 2024

Demorest Law Firm Participates in Primerus Global Day of Service

December 10, 2024December 10, 2024

DEMOREST LAW FIRM WELCOMES NEW SENIOR ATTORNEY, RANDY SOVERINSKY

September 9, 2024September 9, 2024

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