MCL - Index of Act 162 of 1995

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
Act 162 of 1995 CREDIT REFORM ACT (445.1851 - 445.1864)
Section 445.1851 Short title.
Section 445.1852 Definitions.
Section 445.1853 Scope of act.
Section 445.1854 Charge, collection, and receipt of interest rate or finance charge; maximum rate; computation.
Section 445.1855 Credit sale under MCL 445.1101 to 445.1431 or MCL 492.101 to 492.141; written agreement; precomputed interest provision.
Section 445.1856 Regulated lender; authority to charge fee for late payment or dishonored check; fee or charge not considered as interest; excessive fee or charge.
Section 445.1857 Fees or charges servicing extension of credit; charge, collection, and receipt by depository institution; credit card arrangement fees and charges considered as interest; excessive fee or charge.
Section 445.1858 Certain provisions in written agreement as void and unenforceable.
Section 445.1859 Additional financial services as condition for loan approval prohibited; offer of services; certain transactions or requirements not prohibited; applicability of section to depository institution subject to 12 U.S.C. 1972; definitions.
Section 445.1860 Written complaint alleging violation of act; duty of commissioner.
Section 445.1861 Action by attorney general, prosecuting attorney, or borrower; recovery of interest or other charges; attorney fees and court costs; class action.
Section 445.1862 Violation of act; exceptions.
Section 445.1863 Enforcement of other laws not limited.
Section 445.1864 Validity of transactions, rates of interest, fees, or charges.