FARMINGTON HILLS — The Building Owners and Managers Association of Metro Detroit’s Government Affairs Committee was recently honored by their international branch at the 2014 Annual Winter Business Meeting and National Issues Conference in Washington, D.C.
During the board of governors meeting at the winter business meeting and National Issues Conference, Building Owners and Managers Association recognized their local and state branches for their excellence in grassroots and issues advocacy through the Government Affairs Awards of Recognition Program.
The Metro Detroit branch was recognized in the category of Outstanding Single Government Issue for its great work in defending the constitutionality of a Michigan state law passed in 2012 that protects commercial real estate loans. In a unanimous decision, the three-judge Michigan Court of Appeals in April 2012 ruled that a lender can only recover the real estate that was mortgaged if a loan goes into default, and may not seek to recover a borrower’s personal assets.
