There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 276 of 1999 - BANKING CODE OF 1999 (487.11101 - 487.15105)
276-1999-4 - CHAPTER 4 BANKING POWERS (487.14101...487.14406)
276-1999-4-2 - PART 2 LOANS (487.14201...487.14205)
BANKING CODE OF 1999 (EXCERPT)Act 276 of 1999 Part 2
LOANS
- Section 487.14201 - Loans and credit extensions; interest and charges.
- Section 487.14202 - Total loans and credit extensions; limitation; exceptions; limitations based upon capital and surplus.
- Section 487.14203 - Financing real or personal property; use of proceeds for purchase, design, manufacture, construction, repair, modification, or improvement; liability for defect.
- Section 487.14204 - Insurance; hazard; property and casualty.
- Section 487.14205 - Allowance for bank loan and lease losses; charge off of debt.
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