PocketLaw | Michigan Compiled Laws | 326 of 1966 - Interest Rates

326 of 1966 - Interest Rates (438.31 - 438.33)

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Legal Interest Rate; Scope; Limitation; Construction; Foreign Obligations.

Section
438.31a

Payment of Reasonable and Necessary Charges in Addition to Interest; Exceptions.

Section
438.31b

Loan Settlement Statement.

Section
438.31c

Interest Charged by Securities Broker or Dealer for Carrying Debit Balance in Customer Account; Written Agreement for Payment of Interest on Evidence of Indebtedness; Prohibitions When Security Is Single-Family Dwelling Unit; Validity of Transaction or Rate of Interest; Limitation on Rate of Interest; Loans to Which Subsection (2) Applicable; Mortgage Loans or Land Contracts by Lenders or Vendors Not Qualified Under Subsection (5); Rate of Interest on Purchase Money Mortgage or Second Mortgage; Interest on Extension of Credit Secured by Lien on Mobile Home; Interest Not to Be Added or Deducted in Advance; Computation of Interest; Injunction; Agreement by Certain Parties for Payment of Interest; Interest Charged by Certain Trusts Excepted; Interest Bearing Deposit Account; Limitation; Maintaining Interest Bearing Account as Condition of Making Mortgage Loan or Land Contract Providing for Biweekly Payments.

Section
438.31d

Waiver of Defense of Usury by Nonprofit Corporation.

Violation of Act; Attorney Fees and Court Costs, Recovery.

Repeal.