MCL - Section 487.3504
Act 354 of 1996
487.3504 Receipt of consideration or gratuity prohibited.
Sec. 504.
An officer, director, or employee of a savings bank shall not receive any consideration or gratuity from a borrower for procuring a loan from the savings bank.
History: 1996, Act 354, Imd. Eff. July 1, 1996