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Document Type(s): MCLs
Public Act Number: 164
Public Act Year: 1995
(5 results found)
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Document Type Description
Act 125 of 1981 Statute THE SECONDARY MORTGAGE LOAN ACT (493.51 - 493.81)
Section 493.51 Section Short title; definitions.
Section 493.71 Section Interest rate; limitation; computation; prepaid finance charge or fee.
Section 493.72 Section Charges and fees includable in principal; interest authorized by law; sale of insurance; hazard insurance; charges permitted by federal lending program.
Section 493.77 Section Violation of act; making secondary mortgage loans without license as misdemeanor; penalty; civil fine; actions.