Condition of loan on specific contracts prohibited.

Checkout our iOS App for a better way to browser and research.

A state savings bank or service corporation shall not require, as a condition of making a loan, that the borrower contract with any specific person or organization for particular services, except as otherwise permitted to national banking associations.

HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.


Download our app to see the most-to-date content.