Michigan · Statutes
Act Act-224-of-1966
27 sections
27 sections
- Mich. Comp. Laws § 445.851Retail installment sales act; short title.
- Mich. Comp. Laws § 445.851aTruth in lending act; effect of compliance.
- Mich. Comp. Laws § 445.852Definitions.
- Mich. Comp. Laws § 445.853Retail installment contract; requirements; size; notice to buyer; delivery of copy; nondelivery; provisions; contents of contract; transaction involving vehicle; terms; statement that seller retains security interest.
- Mich. Comp. Laws § 445.854Retail installment contracts; single document not required; sales slip, account book, other written statements.
- Mich. Comp. Laws § 445.855Transactions negotiated and entered into by mail or telephone; applicable provisions of act; memorandum.
- Mich. Comp. Laws § 445.856Retail installment contracts; blank space; filling.
- Mich. Comp. Laws § 445.857Time price differential; limitation; computation; minimum time price differential.
- Mich. Comp. Laws § 445.858Prepayment of unpaid balance; amount of refund credit.
- Mich. Comp. Laws § 445.859Installment contract or retail charge agreement; delinquency and collection charge.
- Mich. Comp. Laws § 445.860Retail installment contracts; statement of dates, payments and unpaid balances; receipt.
- Mich. Comp. Laws § 445.861Retail installment transactions; subsequent purchases; previous contracts; inclusion and consolidation; new schedule of installment payments.
- Mich. Comp. Laws § 445.862Retail charge agreement; delivery of copy to buyer; acknowledgment; blank spaces; statement of time price differential; notice to buyer; periodic statement; computation of time price differential; adjustment of charges; attorney's fee and court costs.
- Mich. Comp. Laws § 445.862aSubmission of invoice evidencing credit card sale.
- Mich. Comp. Laws § 445.863Retail installment contracts or charge agreements; insurance included in cost; requirements; minimum charges; refunds.
- Mich. Comp. Laws § 445.864Retail installment contracts or charge agreements; prohibited provisions; denial of application based on geographic location of residence prohibited; permissible conduct; exemption; contract for financial services not required; offer of combination of services not precluded by subsection (5).
- Mich. Comp. Laws § 445.865Purchase or acquisition of retail installment contract or retail charge agreement by assignee; terms, conditions, and price; evidence of obligation; validity of written assignment; notice; payment to last known holder; claims and defenses; sales to which section applicable.
- Mich. Comp. Laws § 445.865aContracts, agreements, or other transactions considered made in state; offer or agreement to sell in state; acceptance or offer to buy in state.
- Mich. Comp. Laws § 445.866Waiver of act as to buyers' protection prohibited.
- Mich. Comp. Laws § 445.867Violation of act; misdemeanor.
- Mich. Comp. Laws § 445.868Violation of act; effect as to recovery rights of seller.
- Mich. Comp. Laws § 445.869Violation of act; actions; penalties.
- Mich. Comp. Laws § 445.870Violation of act; assurance of discontinuance; acceptance by attorney general, approval of circuit court.
- Mich. Comp. Laws § 445.871Violation of order of circuit court; civil penalty.
- Mich. Comp. Laws § 445.871aCompliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof.
- Mich. Comp. Laws § 445.872Effect of act as to prior contracts.
- Mich. Comp. Laws § 445.873Time price differential consisting of interest on amount of unpaid principal balance of contract; modifications.