PocketLaw | Michigan Compiled Laws | 162 of 1995 - Credit Reform Act

162 of 1995 - Credit Reform Act (445.1851 - 445.1864)

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Section
445.1851

Short Title.

Section
445.1852

Definitions.

Section
445.1853

Scope of Act.

Section
445.1854

Charge, Collection, and Receipt of Interest Rate or Finance Charge; Maximum Rate; Computation.

Section
445.1855

Credit Sale Under MCL 445.1101 to 445.1431 or MCL 492.101 to 492.141; Written Agreement; Precomputed Interest Provision.

Section
445.1856

Regulated Lender; Authority to Charge Fee for Late Payment or Dishonored Check; Fee or Charge Not Considered as Interest; Excessive Fee or Charge.

Section
445.1857

Fees or Charges Servicing Extension of Credit; Charge, Collection, and Receipt by Depository Institution; Credit Card Arrangement Fees and Charges Considered as Interest; Excessive Fee or Charge.

Section
445.1858

Certain Provisions in Written Agreement as Void and Unenforceable.

Section
445.1859

Additional Financial Services as Condition for Loan Approval Prohibited; Offer of Services; Certain Transactions or Requirements Not Prohibited; Applicability of Section to Depository Institution Subject to 12 u.s.c. 1972; Definitions.

Section
445.1860

Written Complaint Alleging Violation of Act; Duty of Commissioner.

Section
445.1861

Action by Attorney General, Prosecuting Attorney, or Borrower; Recovery of Interest or Other Charges; Attorney Fees and Court Costs; Class Action.

Section
445.1862

Violation of Act; Exceptions.

Section
445.1863

Enforcement of Other Laws Not Limited.

Section
445.1864

Validity of Transactions, Rates of Interest, Fees, or Charges.