Information to Be Disclosed Before Entering Agreement.

  1. Law
  2. Michigan Compiled Laws
  3. Business Regulation
  4. 66 of 2009 - Refund Anticipation Loan Disclosure Act (446.111 - 446.121)
  5. Information to Be Disclosed Before Entering Agreement.

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Sec. 7.

Before entering into a refund anticipation loan agreement, the facilitator shall clearly disclose both of the following to the taxpayer:

(a) The estimated total fees for the refund anticipation loan.

(b) The estimated annual percentage rate for the refund anticipation loan.

History: 2009, Act 66, Imd. Eff. July 9, 2009


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