Michigan Laws > Chapter 438 > Act 259 of 1968 – Criminal Usury
Current as of: 2023 | Check for updates
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Other versions
| § 438.41 | Criminal usury; definition; penalty |
| § 438.42 | Usurious loan records; possession, penalty |
Terms Used In Michigan Laws > Chapter 438 > Act 259 of 1968 - Criminal Usury
- Forbearance: A means of handling a delinquent loan. A
- Habeas corpus: A writ that is usually used to bring a prisoner before the court to determine the legality of his imprisonment. It may also be used to bring a person in custody before the court to give testimony, or to be prosecuted.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- Usury: Charging an illegally high interest rate on a loan. Source: OCC
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.