Skip to main content
Is a customer required to come into a licensed branch location to enter into and sign the written repayment plan?

Is a customer required to come into a licensed branch location to enter into and sign the written repayment plan?

Section 35(2), MCL 487.2155(2) provides for a "written repayment plan." A request for a repayment plan can be either verbal or in writing, but the actual repayment plan agreement must be in writing, and would not be effective until signed by both parties