Sec. 2. The annual statement specified in section 1 is not required where the mortgagor is provided with a monthly billing form or mortgagor passbook either of which provides the escrow fund balance and record of expenditures for taxes.
Annual statements to mortgagor; exceptions to furnishing.
Mich. Comp. Laws § 565.162, under ANNUAL STATEMENTS TO MORTGAGORS.
Mich. Comp. Laws § 565.162