2012 Michigan Compiled Laws
Chapter 446 — BUSINESS REGULATION
Act 67 of 2009 — REFUND ANTICIPATION LOAN ACT (446.131 - 446.141)
Section 446.135 — Refund anticipation loan; certain conduct by facilitator prohibited.
REFUND ANTICIPATION LOAN ACT (EXCERPT)
Act 67 of 2009
446.135 Refund anticipation loan; certain conduct by facilitator prohibited.
Sec. 5.
A facilitator that facilitates or offers to facilitate a refund anticipation loan shall not do any of the following:
(a) Require a consumer to enter into a refund anticipation loan arrangement in order to complete a tax return.
(b) Misrepresent a material factor or condition of granting a refund anticipation loan.
(c) Fail to process the application for a refund anticipation loan after an applicant applies for the refund anticipation loan.
(d) Engage in any fraudulent transaction, practice, or course of business with any person in connection with a refund anticipation loan.
History: 2009, Act 67, Imd. Eff. July 9, 2009
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