Home  > LawServer Pro  > Business Law  > Financial Services  > Lending  > Installment Loans  > Michigan Laws > Chapter 445 > Act 224 of 1966 - Retail Installment Sales Act 
Search the Michigan Compiled Laws

Michigan Laws > Chapter 445 > Act 224 of 1966 - Retail Installment Sales Act

Michigan Laws > Chapter 445 > Act 224 of 1966 - Retail Installment Sales Act


Current as of: 2009
§ 445.851Retail installment sales act; short title
§ 445.851aTruth in lending act; effect of compliance
§ 445.852Definitions
§ 445.853Retail installment contracts; requirements; retail buyer, representative; notice to buyer; size; contents; delivery of copy; nondelivery; provisions; terms
§ 445.854Retail installment contracts; single document not required; sales slip, account book, other written statements
§ 445.855Transactions negotiated and entered into by mail or telephone; applicable provisions of act; memorandum
§ 445.856Retail installment contracts; blank space; filling
§ 445.857Time price differential; limitation; computation; minimum time price differential
§ 445.858Prepayment of unpaid balance; amount of refund credit
§ 445.859Installment contract or retail charge agreement; delinquency and collection charge
§ 445.860Retail installment contracts; statement of dates, payments and unpaid balances; receipt
§ 445.861Retail installment transactions; subsequent purchases; previous contracts; inclusion and consolidation; new schedule of installment payments
§ 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
§ 445.862aSubmission of invoice evidencing credit card sale
§ 445.863Retail installment contracts or charge agreements; insurance included in cost; requirements; minimum charges; refunds
§ 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 ser
§ 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
§ 445.865aContracts, agreements, or other transactions considered made in state; offer or agreement to sell in state; acceptance or offer to buy in state
§ 445.866Waiver of act as to buyers' protection prohibited
§ 445.867Violation of act; misdemeanor
§ 445.868Violation of act; effect as to recovery rights of seller
§ 445.869Violation of act; actions; penalties
§ 445.870Violation of act; assurance of discontinuance; acceptance by attorney general, approval of circuit court
§ 445.871Violation of order of circuit court; civil penalty
§ 445.871aCompliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof
§ 445.872Effect of act as to prior contracts
§ 445.873Time price differential consisting of interest on amount of unpaid principal balance of contract; modifications

________________________________________________________________________

Questions & Answers: Installment Loans

a company named time payment systems is defrauding people,i would like to know how to stop them they are destroying me...
Comments (0)add comment

Post a comment or question below.
smaller | bigger

busy
 
Email  Email Print  Print   Digg

monotone-frail