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Banks
Consumer Finance
Credit Union
Insurance
Securities
Related Legislation
• The following list, is legislation that may be of interest to the financial institutions, insurance, and securities industries. | • Collection Practices Act, MCL 445.251 | • Consumer Protection Act, MCL 445.901 | • Credit Reform Act, MCL 445.1851 | • Credit Services Protection Act, MCL 445.1821 et seq | • Home Improvement Finance Act, 445.1101 | • Medicaid Timely Payment, MCL 400.111a, 400.111b, and 400.111i | • Michigan Lemon Law, MCL 257.1401 | • Motor Vehicle Service and Repair Act, MCL 257.1301 | • Patient's Right to Independent Review Act, MCL 550.1901-550.1929 | • Uniform Commercial Code |
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Usury Statutes
• The following list, is legislation provided as a courtesy from the Office of Financial and Insurance Services. | • Business Corporation Act, Act 284 of the Public Acts of 1972, section 275 | • Criminal Usury Act, Act 259 of the Public Acts of 1968 Only sections 1 and 2 are relevant. | • Interest on Contracts Between Citizens of Michigan and Other States Act, Act 140 of the Public Acts of 1861 Only sections 1 and 2 are relevant. | • Interest on Due and Unpaid Interest Act, Act 11 of the Public Acts of 1869 Only section 1 is relevant. | • Interest Rates Act, Act 326 of the Public Acts of 1966, as amended Only sections 1, 1a, 1b, 1c, 1d and 2 are relevant. | • Exemption of Loans to Business Entities Act, Act 52 of the Public Acts of 1970, as amended Only section 1 is relevant. | • Michigan Revised Uniform Limited Partnership Act, Act 213, section 109 |
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