There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 244 of 2005 - DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (487.2121 - 487.2173)
244-2005-4 - ARTICLE 4 (487.2165...487.2173)
Section 487.2172 - Person providing services before effective date of act; compliance.
DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (EXCERPT)Act 244 of 2005
487.2172 Person providing services before effective date of act; compliance.
Sec. 52.
A person who provided deferred presentment service transactions in this state before the effective date of this act is considered to have complied with applicable state law if the person provided those transactions in substantial conformity with the rulings and interpretive statements then in effect that were issued by the office or its predecessor agency.
History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
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